Which of the Following Combines the Operating Characteristics of an Open-End

question 72

Multiple Choice

Which of the following combines the operating characteristics of an open-end fund with some of the trading characteristics of a closed-end fund?

• A) preferred fund
• B) common fund
• C) exchange traded fund
• D) net-asset fund
• E) Unit Investment Trust

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Definitions:

Current Asset

An asset that is expected to be converted into cash, sold, or consumed within one year or within the business's normal operating cycle if longer than a year.

Interest Expense

The expenditure associated with acquiring funds on loan across a designated duration.

Interest Income

Earnings received from investments in various forms of debt, such as savings accounts, certificates of deposit, and bonds.