The Main Difference Between a Closed-End Fund and an Open-End

question 46

Multiple Choice

The main difference between a closed-end fund and an open-end fund is:

• A) The minimum initial investment
• B) The way in which each is regulated by the OSC
• C) The way each is traded after the initial public offering
• D) The type of allowable investments
• E) All of the above

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Definitions:

State Approval

Formal consent given by a governmental entity authorizing an action, policy, or regulation to take effect.

Sole Proprietorship

A type of business structure where a single individual owns, manages, and is responsible for all aspects of the business, including debts.

Proprietor

The owner of a business or property.

Liabilities

Financial obligations or debts owed by a person or company to another entity, which must be settled over time.