A Fund That Is Basically an Index Fund That Trades

question 89

Multiple Choice

A fund that is basically an index fund that trades like a closed-end fund is called a(n) :

• A)open-end fund.
• B)money market fund.
• C)exchange-traded fund.
• D)mutual fund.
• E)depository receipt.

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Definitions:

Flash Flood

A rapid flooding of low-lying areas, usually caused by intense rainfall over a short period of time.

Legal Obligations

Duties enforced by law that require an individual or entity to act or refrain from acting in a certain way.

Wrongful Discharge

An illegal termination of employment, breaching contract terms or violating statutory or common law rules protecting employees.

Public Policy

The general legal principle that says no one should be allowed to do anything that tends to injure the public at large.