Most Mutual Funds Are Structured in Two Ways

question 9

Multiple Choice

Most mutual funds are structured in two ways.The most common structure is a(n) ________ fund,from which shares can be redeemed at any time at a price that is tied to the asset value of the fund.A(n) ________ fund has a fixed number of nonredeemable shares that are traded in the over-the-counter market.

• A) closed-end; open-end
• B) open-end; closed-end
• C) no-load; closed-end
• D) no-load; load
• E) load; no-load

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Definitions:

Brain Activity

The functioning of the brain as evidenced by electrical, chemical, or metabolic changes, often measured by various neuroimaging techniques.

Brain Stem

The part of the brain that connects the spinal cord with the forebrain and cerebrum, controlling many basic life functions such as breathing, heart rate, and blood pressure.

Sleeping

A natural periodic state of rest for the mind and body, characterized by altered consciousness and reduced interactions with surroundings.

Dreaming

The experience of envisioned images, sounds, or other sensations during sleep.