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QUESTION 20 Determine whether each of the following statements regarding securities are true or false: Statement...

QUESTION 20

Determine whether each of the following statements regarding securities are true or false:

Statement 1: Mutual funds are usually organized as limited partnerships.

Statement 2: Asset-backed securities pool different assets including cash from various investors to create a portfolio of securities.

Statement 3: ETFs and ETNs are open-ended funds that investors can trade among themselves in secondary markets.

a. True, false, true

b. False, true, true

c. False, false, true

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Answer #1

c. False, false, true

Statement 3: ETFs and ETNs are open-ended funds that investors can trade among themselves in secondary markets.

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