Which of the following is not true about Exchange Traded Funds (ETF)?

• A. an etf is like a bank deposit.
• B. an etf represents a basket of stocks that reflect an index such as the nifty.
• C. an etf\s price changes throughout the day, fluctuating with supply and demand.
• D. by owning an etf, you get the diversification of an index fund plus the flexibilityof a stock.