Which of the Following Characteristics Apply to Closed-End Mutual Funds

question 78

Multiple Choice

Which of the following characteristics apply to closed-end mutual funds?
I. Unlimited number of outstanding shares.
II. Transactions are between shareholders.
III. Market prices may be higher or lower than NAV.
IV. Fund will repurchase shares at any time.

• A) I and IV only
• B) II and III only
• C) I, II and III only
• D) II, III and IV only

---

Definitions:

Evolutionary Psychology

A theoretical approach in psychology that explains human thoughts and behaviors in terms of natural selection and adaptation.

Social Learning Theory

A theory that suggests people learn new behaviors through observational learning of the social factors in their environment.

Handedness

Handedness refers to the preferential use of one hand over the other for performing tasks, influenced by genetic, biological, and environmental factors.

Physical Aggression

Acts intended to cause physical harm or injury to another person.