A Closed-End Fund Is

question 148

Multiple Choice

A closed-end fund is:

• A)a fund that generally invests only in the stocks or other securities contained in a specific stock or securities index.
• B)has only a certain number of shares available to investors when the fund is organized.
• C)professionally managed so investors need not monitor the performance of the fund.
• D)a fund whose shares are issued and redeemed by the investment company at the request of investors.
• E)one whose shares trade only at end-of-the-day prices.

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Definitions:

Racial Group

A group of people identified or classified together on the basis of common ancestry, national origin, or distinctive physical traits.

Racism

Prejudice, discrimination, or antagonism directed against someone of a different race based on the belief that one's own race is superior.

Recycling Program

A coordinated effort to collect, process, and repurpose waste materials into new products, reducing the need for raw materials and minimizing environmental impact.

Financial

Relating to money or how money is managed.