The ABC Fund Is a Closed-End Fund Founded in 1998

question 97

Multiple Choice

The ABC Fund is a closed-end fund founded in 1998 at which time it was fully subscribed. You want to invest $5,000 in this fund today. You need to have purchased your shares

• A) In a private transaction
• B) Under the agreement made in 1998
• C) Directly from the fund
• D) From a relative
• E) From another shareholder

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Definitions:

Modernization Theory

A view of globalization in which global development is a worldwide process affecting nearly all societies that have been touched by technological change.

Max Weber

A German sociologist, philosopher, and political economist known for his theory on the Protestant ethic and his ideas on bureaucracy.

World Systems Theory

A multidisciplinary, macro-scale approach to world history and social change that suggests there is a world economic system in which some countries benefit while others are exploited.

Dependency Theory

The global theory maintaining that industrialized nations hold less-industrialized nations in a dependent relationship that benefits the industrialized nations at the expense of the less-industrialized ones.