An Open-End Investment Company That Can Issue an Unlimited Number

question 46

Multiple Choice

An open-end investment company that can issue an unlimited number of its shares to investors and use the pooled proceeds to purchase corporate and government securities is called a(n)

• A) mutual fund.
• B) pension fund.
• C) insurance company.
• D) brokerage firm.

---

Definitions:

Avunculocal

A residence pattern in which a married couple lives with or near the husband's mother's brother (the husband's maternal uncle).

Extended Families

Family groups that extend beyond the nuclear family, including relatives such as grandparents, aunts, uncles, and cousins, often living close by or within the same household.

Incest Taboo

A cultural or social prohibition against sexual relations or marriage between persons deemed too closely related.

Subsistence

The means by which individuals or societies obtain their basic necessities for survival, such as food, shelter, and clothing.