A Mutual Fund in Which New Shares Are Issued and Existing

question 29

Multiple Choice

A mutual fund in which new shares are issued and existing shares redeemed by the investment company at the request of investors is called a(n) ____________ fund.

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

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Definitions:

Regular Customer

A customer who frequently purchases products or services from the same business, showing loyalty and consistency in their patronage.

Complete Refund

The process of giving back the full amount of money paid by a customer for a product or service, often due to dissatisfaction or a defect.

Assembly

The process of putting together components or parts to build a product or to gather for a specific purpose.

Fair Adjustment

An equitable modification or change made to correct or improve a situation, ensuring fairness to all parties involved.