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The Open-End Aspect of Mutual Funds Is ________; That Is

question 29

Multiple Choice

The open-end aspect of mutual funds is ________; that is, investors invest funds directly in or withdraw funds from the mutual fund. The open-end aspect of ETFs is ________ in that the investors buy the ETF in a closed-end manner like closed-end funds and then the authorized participant ________ between the ETF and the underlying portfolio, providing the indirect open-end aspect of the ETF.


Definitions:

Intervening Variable

An intervening variable is a hypothetical concept that explains the relationship between the independent (causal) and dependent (effect) variables in an experiment.

Political Affiliation

An individual's or group's association with a particular political party or ideology.

Political Orientation

Describes an individual's or group's predisposition towards certain political ideologies, parties, or policies.

Independent Variable

A variable in an experiment or model that is manipulated to observe its effect on a dependent variable, being the cause in a cause-and-effect relationship.

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