Pools of Money Invested in a Portfolio That Is Fixed

question 32

Multiple Choice

Pools of money invested in a portfolio that is fixed for the life of the fund are called

• A) closed-end funds.
• B) open-end funds.
• C) unit investment trusts.
• D) REITS.
• E) redeemable trust certificates.

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Definitions:

Possession

The state or fact of owning or having control of something.

Public Notice

An announcement conveyed through accessible channels to inform the public about legal actions, government activities, or public interest issues.

Collateral

Property or assets that a borrower offers to a lender as security for a loan, which can be seized if the loan is not repaid according to agreed terms.

Public Filing

The process of submitting financial documents and other important corporate information to a regulatory authority for public disclosure.