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SIE Exam Practice Question 32

Question: 32

A type of mutual fund or exchange-traded fund (ETF) whose investment objective is to achieve approximately the same return as a specific market index, such as the S&P 500, is called a(n) __________________.

Correct Answer: B

Explanation:

A type of mutual fund or ETF whose investment objective is to achieve approximately the same return as a specific market index, such as the S&P 500, is called an index fund.

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