An Unmanaged Fixed-Income Security Portfolio Handled by an Independent Trustee

question 58

Multiple Choice

An unmanaged fixed-income security portfolio handled by an independent trustee is known as a:

• A) junk bond fund.
• B) closed-end investment company.
• C) unit investment trust.
• D) hedge fund.

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Definitions:

Chronic Disease

Long-lasting medical conditions that are generally progressive and may require ongoing treatment and management.

Body Fat

The portion of the human body composed of fat tissue, which serves as energy storage, insulation, and protection of organs.

Crystallized Intelligence

Those types of intellectual ability that reflect accumulated learning. Vocabulary and general information are examples. Some developmental psychologists think crystallized intelligence increases with age, while fluid intelligence declines.

Accumulation

The gradual gathering or collecting of items, substances, or wealth over time.