In the Context of Mutual Funds, Which of the Following

question 74

Multiple Choice

In the context of mutual funds, which of the following is a difference between a closed-end fund and an open-end fund?

• A) A closed-end fund issues a fixed number of shares, whereas an open-end fund does not have a fixed number of shares.
• B) Unlike an open-end fund, a closed-end fund cannot invest the money received from selling shares in a portfolio of assets.
• C) Shares of closed-end funds cannot be traded among investors, whereas shares of open-end funds can be traded like stocks.
• D) Unlike an open-end fund, a closed-end fund issues additional shares when demand increases.

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Definitions:

Square Footage

A measurement of area used primarily in the United States, equal to an area one foot by one foot, commonly used to measure the size of a piece of property or a building.

Hardware Department

A segment within a store or company specializing in the sale or management of hardware items, such as computers, tools, and building materials.

Total

The sum or aggregate amount resulting from the addition of individual numbers, quantities, or items, often representing a final sum in accounting and mathematics.

Gross Sales

The total sales revenue from goods or services before any deductions for returns or discounts.