Mutual Funds in Which a Fixed Number of Nonredeemable Shares

question 56

Multiple Choice

Mutual funds in which a fixed number of nonredeemable shares are sold at an initial offering and are then traded in the over-the-counter market,like shares of common stock,are called

• A)open-end funds.
• B)close-end funds.
• C)OTC funds.
• D)primary-issue funds.

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Definitions:

Cultural Context

The environment or situation that includes the social norms, values, customs, and beliefs that influence the behavior and perception of individuals.

Countercultures

Groups or movements that reject and oppose dominant societal norms and values, often creating their own cultural norms.

Subcultures

Cultural groups within a larger culture, having beliefs or interests divergent from those of the larger culture.

Subcultures

Cultural groups within a broader culture, especially those with beliefs or interests at variance with those of the larger culture.