An Investment Company That Does Not Sell Securities to the Public

question 38

True/False

An investment company that does not sell securities to the public, but specializes in internal investing, is exempt from the Investment Company Act.

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Definitions:

Recording Information

The act or process of documenting or capturing data, observations, or events for future reference or analysis.

Efficiently

Achieving maximum productivity with minimal wasted effort or expense.

Effectively

In a manner that produces the intended result or a successful outcome, often implying efficiency and competence.

True Random Samples

Sampling methods that ensure every member of a population has an equal chance of being selected.