An Open-End Fund Is Defined as an Investment Fund That

question 41

Multiple Choice

An open-end fund is defined as an investment fund that sells:

• A)an elastic number of shares to outside investors
• B)a fixed number of shares to an elastic number of outside investors
• C)an elastic number of shares to outside investors, but that never buys back any of these shares
• D)a fixed number of shares to an elastic number of outside investors, but that never buys back any of these shares

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Definitions:

Young

Being in the early stages of life, development, or existence; not old.

Hedonism

A philosophy or lifestyle focused on seeking pleasure and avoiding pain as the highest good or main goal of life.

Happiness

Happiness is a state of emotional well-being characterized by feelings of joy, satisfaction, contentment, and fulfillment.

Pleasure Drive

An inherent drive towards activities or experiences that provide pleasure, often associated with Freudian psychoanalytic theory.