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

question 170

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?


Definitions:

Credited

A term reflecting an entry on the right side of a double-entry bookkeeping system that increases liabilities, revenue, or equity accounts, or decreases an asset or expense account.

Withdraws

The act of removing funds from an account or the business use of assets by owners, reducing the capital or equity amounts.

Remaining Partners

The partners who continue the partnership business after one or more partners leave or are removed.

Noncash Assets

Assets owned by a business that are not in the form of cash but can potentially be converted into cash, such as inventory and equipment.

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