A Mutual Fund in Which Shares Are Issued Only When

question 113

Multiple Choice

A mutual fund in which shares are issued only when the fund is organized is called a ________ fund.

• A)closed-end
• B)open-end
• C)load
• D)no-load
• E)convertible

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Definitions:

Motor

Relating to the movement or mechanism of physical actions and coordination in organisms.

Central

Serving as the most important or core part of something.

Efferent

Referring to nerve fibers that carry impulses away from the central nervous system to effectors (such as muscles or glands).

Afferent

Relating to or denoting nerve fibers that carry sensory information toward the central nervous system.