Which One of the Following Is a Common Characteristic of a Closed-End

question 57

Multiple Choice

Which one of the following is a common characteristic of a closed-end fund but not of an open-end fund?

• A)professional management
• B)annual fees
• C)stated objective
• D)discounted price
• E)taxable distributions

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Definitions:

Worked Hard

Exerted a significant amount of effort or diligence in completing a task or achieving a goal.

Domestication

The process of adapting wild plants and animals for human use, such as for food, clothing, or companionship.

Pastoralism

A form of agriculture focused on the raising of livestock in pastoral, or grassy, regions.

Agriculture

The practice of cultivating the land, producing crops, and raising livestock for food, fiber, and other products.