Answer: usually pay out dividends to shareholders.

**Explanation:** - **Option A** is incorrect because ETFs can be transacted (and are priced) intraday, unlike mutual funds which are priced once a trading day. - **Option B** is correct because dividends on ETFs are paid out to the shareholders, whereas mutual funds typically reinvest dividends. - **Option C** is incorrect because exchange-traded funds (ETFs) are generally structured as open-end funds, not closed-end funds.

Author: LeetQuiz Editorial Team