Final answer:
The term that describes an indirect measure of property, often listed on an exchange is ETF (Exchange-Traded Fund). ETFs hold a diversified portfolio of assets including stocks, commodities, or bonds. REITs, NAV, and SEC are related to real estate and investment but do not describe an indirect measure of property on an exchange.
Step-by-step explanation:
The term used to describe an indirect measure of property, often listed on an exchange, is B) ETF (Exchange-Traded Fund). ETFs are a type of investment fund that is traded on stock exchanges, much like stocks. An ETF holds assets such as stocks, commodities, or bonds, and generally operates with an arbitrage mechanism designed to keep it trading close to its net asset value, although deviations can occasionally occur. While REITs are specifically related to the real estate sector, ETFs are broader and can include various asset classes including real estate. They provide a way for investors to buy into a diversified portfolio of assets.
A REIT, or Real Estate Investment Trust, is a company that finances or owns income-producing real estate across a range of property sectors. However, it is not an indirect measure of property listed on an exchange; it is the actual company that investors can invest in through stock exchanges. The NAV, or Net Asset Value, represents a fund's per share market value, which is the price at which investors buy and sell fund shares from the fund company or on the secondary market. Lastly, the SEC is the Securities and Exchange Commission, which is a regulatory body, not a measure of property.