Question: (3) How do ETF's work? What is the difference between an ETF and Closed and Open End Mutual Funds? If you are saving for your

 (3) How do ETF's work? What is the difference between an

(3) How do ETF's work? What is the difference between an ETF and Closed and Open End Mutual Funds? If you are saving for your retirement does the choice have a big impact? (20 points) (4) Why did the ETF invest in the Futures and not the Spot Market for gold? (10 points)

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