There Are Three Types of Investment Companies: ________

question 61

Multiple Choice

There are three types of investment companies: ________.

• A) open-end funds, closed-end funds, unit funds
• B) open-end trusts, closed-end trusts, unit trusts
• C) open-end funds, closed-end funds, unit trusts
• D) unit-end funds, closed-end funds, open-end trusts

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Definitions:

Credible

Deserving or capable of being believed; possessing reliability or trustworthiness.

Competent

Possessing the necessary ability, knowledge, or skill to perform a specific task or job effectively and efficiently.

High Status

A position that garners substantial prestige, respect, and esteem within a societal or organizational hierarchy.

Social Cognitive Theory

A theory of learning and social behavior which proposes that new behaviors can be acquired by observing and imitating others, in addition to the influence of beliefs, expectations, and intentions.