Which One of the Following Is a Common Characteristic of a Closed-End

question 57

Multiple Choice

Which one of the following is a common characteristic of a closed-end fund but not of an open-end fund?

• A)professional management
• B)annual fees
• C)stated objective
• D)discounted price
• E)taxable distributions

---

Definitions:

Percentage

A fraction or ratio represented as a part of 100.

Currency

A medium of exchange used in economic systems, typically issued by a governmental body and accepted within a particular geographic territory.

Energy Exchange

A process by which energy is transferred from one system or object to another, often seen in ecosystems as the transfer of energy from producers to consumers through food chains.

Living Systems

Complex networks of interacting organisms and their physical environment, functioning together as a coherent group for energy flow, reproduction, and adaptation.