Closed-End Funds Have a Fixed Number of Shares; Open-End Funds

question 59

True/False

Closed-end funds have a fixed number of shares; open-end funds do not.

---

Definitions:

Opportunity Costs

The value of the best alternative foregone when a decision is made to pursue a particular action, essentially the cost of choosing one option over another.

Implicit Costs

The opportunity costs of using resources owned by the firm for its own production, instead of earning income elsewhere.

Explicit Costs

Direct, out-of-pocket payments made for the operation of a business, such as wages, rent, and materials.