Economic contraction occurs when

The ________ from the sale of a security are the funds actually received from the sale after ________

A) gross proceeds; adding the after-tax costs B) gross proceeds; reducing the flotation costs C) net proceeds; reducing the flotation costs D) net proceeds; adding the after-tax costs

Exchange traded funds are

A) mutual funds that trade on the Big Board. B) baskets of securities that trade like a single stock. C) index funds that trade on the NYSE. D) groups of securities that trade only on regional exchanges.