How does an etf differ from a closed-end fund

Reference no: EM131304213

1. What is an investment institution? In what ways are investment institutions similar to commercial banks? In what ways are they different?

2. What is the difference between an open-end mutual fund and a closed-end fund? What is an exchange-traded fund (ETF)? How does an ETF differ from a closed-end fund?

Reference no: EM131304213

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