Which One of the Following Is True with Respect to Closed-End

question 94

Multiple Choice

Which one of the following is true with respect to closed-end funds?

• A)An unlimited number of shares are available to investors.
• B)Most of the investment companies today offer closed-end funds.
• C)Shares are traded on security exchanges similar to stocks.
• D)The share prices are determined by their NAV.
• E)Investors can never sell shares to another investor.

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Definitions:

Labor

The human effort, both physical and intellectual, used in the production of goods and services.

Capital

Assets used for the production of goods and services, such as machinery, buildings, and equipment.

Association Is Causation

The incorrect assumption that a relationship between two variables implies that one causes the other; a logical fallacy often encountered in statistical analysis.

Apple Computers Stock

Financial shares representing ownership in Apple Inc., an American multinational technology company known for products like the iPhone and Mac computers.