Which of the Following Combines the Operating Characteristics of an Open-End

question 72

Multiple Choice

Which of the following combines the operating characteristics of an open-end fund with some of the trading characteristics of a closed-end fund?

• A) preferred fund
• B) common fund
• C) exchange traded fund
• D) net-asset fund
• E) Unit Investment Trust

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Definitions:

Working for Wages

The practice of performing labor in exchange for a predetermined payment, typically based on hours worked or tasks completed.

No Wages

A situation where labor is performed without the compensation of money; often associated with slavery, involuntary servitude, or unfair labor practices.

Tax-Free Wages

Refers to income earned that is not subject to income tax by the government.

Western Commercial Economy

The western commercial economy characterizes the economic practices and developments in the western world, focusing on trade, services, and market-driven growth.