SIE Understanding Products and Their Risks Practice Question 99

Correct Answer: D

Explanation:

D: Choice D is correct. The SPDR? S&P 500? ETF Trust" (SPY) tracks the S&P 500 Index, and it is quite liquid, having reached a trading volume of 250 million shares in a day, which makes it attractive to many investors. Choices A, B, and C are incorrect because they are not the most well-known, oldest, and largest ETFs, even though they each track well-respected indexes.