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?

• A) Preferred fund
• B) Common fund
• C) Exchange traded fund
• D) Net-asset fund
• E) Unit Investment Trust

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Definitions:

Price Elasticity

The responsiveness of the quantity of a product demanded to a variation in its price, determined by dividing the percentage variation in the quantity demanded by the percentage modification in the product’s price.

Separate Markets

Economic markets that are distinctly separated by geographical boundaries, preferences, or other factors, preventing the mixing of products or services.

Resold

The action of selling an item or asset that has previously been sold or owned by someone else.

Monopolist's Profits

The earnings a monopolist achieves, which are typically higher than in competitive markets due to the ability to set prices above marginal costs.