An Open-End Investment Company Is Commonly Referred to as A(n)

question 93

Multiple Choice

An open-end investment company is commonly referred to as a(n)

• A) balanced fund.
• B) mutual fund.
• C) money market fund.
• D) accessible fund.
• E) unit trust.

---

Definitions:

Price Floor

A minimum price set by the government or other authority, below which a product or service cannot be sold.

Legal Minimum

The lowest allowed wage, price, or level for something as established by law or regulation, often applied to wages.

Good Sold

The term refers to merchandise or items that a company sells to its customers.

Binding Price Ceiling

A government-imposed price control set below the market equilibrium price, leading to shortages as the quantity demanded exceeds the quantity supplied at that price level.