A(n) _____ Sells Fund Shares, Either Directly to the Public

question 27

Multiple Choice

A(n) _____ sells fund shares, either directly to the public or through authorized dealers.

• A) investment advisor
• B) custodian
• C) transfer agent
• D) distributor
• E) money manager

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Definitions:

Perfunctory

Carried out with a minimum of effort or reflection.

Short-lived

Referring to something that lasts for a brief period of time.

RMBCA

The Revised Model Business Corporation Act, which serves as a guide for states in drafting their corporation statutes.

Organizational Meeting

An organizational meeting is the initial meeting held by the incorporators or initial directors of a corporation to complete the formation of the business and to adopt bylaws.