A Mutual Fund Designed for Investors Who Are Looking for a Tax-Efficient

question 18

Multiple Choice

A mutual fund designed for investors who are looking for a tax-efficient income stream without trading in capital gains is called a(n) __________ fund.

• A)closed-end
• B)T-series
• C)exchange-traded
• D)index
• E)convertible

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Definitions:

Neonate

A newborn baby, especially within the first few weeks after birth.

Birth

The event of being born or coming into existence.

Gastrulation

Gastrulation is a phase early in embryonic development during which the single-layered blastula is reorganized into a multilayered structure called the gastrula.

Germ Layers

In animals, three embryonic tissue layers: endoderm, mesoderm, and ectoderm