The Choke Price Is

question 47

Multiple Choice

The choke price is:

• A)the price at which quantity supplied falls to zero.
• B)the price at which quantity demanded falls to zero.
• C)the price at which quantity supplied is maximized.
• D)the price at which quantity demanded is maximized.

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Definitions:

Closed-end Funds

Investment funds with a fixed number of shares, traded on stock exchanges, potentially at prices above or below their net asset values.

Open-end Funds

Mutual funds that continuously issue new shares to investors and buy back shares when investors wish to sell, with prices determined by the net asset value.

Equity Funds

Mutual funds or other types of investment funds that invest primarily in stocks, seeking to provide returns through equity ownership.

Mutual Fund Assets

The total market value of all the financial assets being managed by a mutual fund.