One difference between open-end and closed-end funds is that
A) open-end funds have no maturities,while closed-end funds are dissolved after a given number of years.
B) shares of an open-end fund are bought and sold directly from or to the fund,while closed-end shares are bought and sold like the shares of any corporation.
C) open-end shares can be purchased by the general public,while closed-end shares are available only to fund directors.
D) closed-end funds control and manage open-end funds.
Correct Answer:
Verified
Q1: A redemption charge is a
A)back-end load.
B)font-end load.
C)management
Q2: A fund that attempts to match the
Q4: If you are seeking moderate growth and
Q5: An important characteristic of money market mutual
Q6: A sector fund invests in
A)one industry.
B)one kind
Q7: A mutual fund's net asset value (NAV)reflects
A)the
Q8: Which service below is usually not provided
Q9: A closed-end fund has a
A)fixed number of
Q10: A fund's reinvestment plan allows investors to
A)make
Q11: The difference between a load fund and
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents