A(n) ____ Buys and Holds an Unmanaged Fixed Portfolio of Fixed-Maturity

question 106

Multiple Choice

A(n) ____ buys and holds an unmanaged fixed portfolio of fixed-maturity securities such as municipal bonds.

• A)exchange-traded fund
• B)real estate investment trust
• C)unit investment trust
• D)sector fund

---

Definitions:

Delta Waves

Slow brainwaves predominantly associated with deep sleep and restorative processes in the brain.

Night Terrors

A sleep disorder characterized by feelings of terror or dread, usually occurring in the first hours of NREM sleep.

Sleeping Pills

Medications used to facilitate or improve the quality of sleep in individuals with sleep disorders.

REM Sleep

A stage of sleep characterized by rapid eye movements, during which most vivid dreaming occurs.