Test Your Knowledge: Mutual Funds & ETF Quiz

1) Which of the following is not a trait of a mutual fund
A. It is a professionally managed portfolio of securities
B. They often provide diversification in an asset class
C. They have a maturity date
D. They have low minimums
2) True or false. One of the key differences between and ETF and Mutual fund is that a mutual fund trades like an equity, with market supply and demand driving its price
A. True
B. False
3) The following are shared investment traits of ETFs and Mutual Funds
A. They provide diversification within an asset class
B. They have low minimum investment amounts
C. They potentially can result in the loss of principal
D. All of the above
4) True of false. ETFs generally have a higher cost structure than a mutual fund
A. True
B. False
5) All of the following are generally considered equity asset classes except
A. Large Cap
B. International
C. Money market
D. Small cap
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