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

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Definitions:

Breach

The failure to fulfill the terms of a contract, agreement, or duty, which can lead to legal action for enforcement or damages.

Breach

The violation or non-fulfillment of a legal obligation, agreement, or duty.

UCC

An acronym for the Uniform Commercial Code, which regulates sales and commercial transactions in the United States to bring uniformity across state laws.

Goods

Tangible products or merchandise that are produced, bought, and sold in the course of business operations.