A Mutual Fund in Which Shares Are Issued Only When

question 6

Multiple Choice

A mutual fund in which shares are issued only when the fund is organized is called a(n) ____________ fund.

• A) closed-end
• B) open-end
• C) load
• D) no-load
• E) convertible

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Definitions:

Depressions

Extended periods of significant decline in general economic activity, usually marked by severe drops in GDP, high unemployment, and deflation.

March 1933

A significant month during the Great Depression in the United States, marked by President Roosevelt's Bank Holiday and the beginning of New Deal policies.

Banks

Financial institutions that accept deposits from the public, lend money, and offer various other financial services.

National Railroad Network

A comprehensive system of railway lines and routes covering a national territory, facilitating passenger and freight transport.