Which One of the Following Invests in a Portfolio That

question 46

Multiple Choice

Which one of the following invests in a portfolio that is fixed for the life of the fund?

• A) mutual fund
• B) money market fund
• C) managed investment company
• D) unit investment trust

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Definitions:

Binding

In legal terms, describing an agreement or contract that is legally enforceable by law.

Theory Z

A management philosophy that stresses employee participation in all aspects of company decision making.