A Closed-End Investment Company Initially

question 34

Multiple Choice

A closed-end investment company initially:

• A)sells its shares to government to obtain cash to invest and then operates with a fixed number of shares outstanding.
• B)sells its shares to investment banks to obtain cash to invest and then operates with a fixed number of shares outstanding.
• C)sells its shares to the public to obtain cash to invest and then operates with a fixed number of shares outstanding.
• D)sells its shares to commercial banks to obtain cash to invest and then operates with a fixed number of shares outstanding.

---

Definitions:

Motor Skills

The ability to perform movements with the body, often categorized into fine motor skills (small movements, such as writing) and gross motor skills (larger movements, such as walking).

Oxygen

A chemical element essential for respiration in many living organisms, represented by the symbol O.

Dexterity

Skill in performing tasks, especially with the hands, indicating coordination, speed, and precision.

Club

An association or organization of people with a common purpose or interest, who meet regularly and take part in shared activities.