An ________ Is a Fixed Pool of Securities,generally Municipal Bonds

question 15

Multiple Choice

An ________ is a fixed pool of securities,generally municipal bonds.

• A)earning trust
• B)unit investment trust
• C)equity corporation
• D)asset diversification company
• E)none of the above

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Definitions:

General Partnership

A business arrangement where two or more individuals agree to share in all assets, profits, and financial and legal liabilities of a jointly-owned business.

Corporation

A legal entity created by individuals, stockholders, or shareholders, with the purpose of operating for profit. Corporations can enter contracts, sue and be sued, and pay taxes apart from their owners.

Secondary Market

The marketplace where investors buy and sell securities they already own, as opposed to the primary market where securities are first issued.

Private Placement

The sale of securities directly to institutional investors or individuals, bypassing the public markets.