Mutual Funds in Which a Fixed Number of Nonredeemable Shares

question 56

Multiple Choice

Mutual funds in which a fixed number of nonredeemable shares are sold at an initial offering and are then traded in the over-the-counter market,like shares of common stock,are called

• A)open-end funds.
• B)close-end funds.
• C)OTC funds.
• D)primary-issue funds.

---

Definitions:

Compensate

To provide something, usually money, in recognition of loss, suffering, or damage experienced by an individual or entity.

Future Harms

Potential damage or adverse outcomes that may occur in the future as a result of current actions or decisions.

Intentional Tort

A wrongful act deliberately committed with the intent to cause harm to another, leading to civil liability.

Desert

A barren area of land where little precipitation occurs and living conditions are hostile for plant and animal life.