One Can Purchase Shares in a Closed End Mutual Fund

question 73

Multiple Choice

One can purchase shares in a closed end mutual fund

• A)From shareholders
• B)Directly from the fund at all times
• C)Directly from the fund at inception
• D)A and C

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Definitions:

Nominal Wages

The wages paid to employees measured in current money and not adjusted for inflation, reflecting the face value of earnings.

Labor Markets

Economic markets in which labor services are bought and sold, including the supply of labor by households and the demand for labor by firms.

Indexation

The automatic correction by law or contract of a dollar amount for the effects of inflation

Time Inconsistency

The tendency of people to change their plans or decisions over time in ways that they might not have predicted or considered optimal originally.