The Following Is True About Digests

question 2

Multiple Choice

The following is true about digests:

• A) A federal digest may be used to find relevant cases decided by the federal courts
• B) A state digest may be used to find relevant cases decided by the courts of the state
• C) Digests are updated by annual pocket parts and by paperbound supplementary pamphlets.
• D) a and b
• E) a, b, and c

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Definitions:

Closed-end Funds

Investment funds that have a fixed number of shares which are not redeemable from the fund. Instead, the shares can be purchased or sold only in the market, at their current market price.

Unit Investment Trusts

An investment company offering a fixed portfolio of securities in a one-time public offering, with units redeemable on demand.

Short-selling

The practice of selling securities or other financial instruments that are not currently owned, with the intention of repurchasing them later at a lower price.

120/20 Fund

A type of mutual fund that employs a long/short strategy, allowing it to invest 120% in long positions and -20% in short positions.