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Securities Industry Essentials Exam (SIE)

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2-Dec-2025
Autumn -
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18-Dec-2025
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Securities Industry Essentials Exam (SIE) Questions and Answers

Questions 1

Which of the following statements describes a characteristic of exchange-traded funds (ETFs)?

Options:

A.  

ETFs are offered with front-end or back-end loads.

B.  

ETFs are not permitted to be purchased on margin.

C.  

ETFs are purchased and sold daily at net asset value (NAV).

D.  

ETF expense ratios are generally lower than those of mutual funds.