SIE Understanding Products and Their Risks Practice Question 94

Correct Answer: A

Explanation:

A: Choice A is correct because the S&P 500 is an ETF that tracks an index that is considered to represent the market as a whole. Choice B is incorrect because the S&P 500 is not an example of an ETF seeking the opposite return of a target index. Choice C is incorrect because the S&P 500 is not an example of an ETF using borrowing to obtain a return in excess of the target index. Choice D is incorrect because it is not a typical term for any popular type of ETF.