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

Question

Quizplus · Accepted Answer

A unit investment trust (UIT) is an investment company that pools funds from investors to purchase a fixed portfolio of securities, which in this case are generally municipal bonds. The investors in the UIT receive a proportionate share of interest income, and the trust has a specified termination date, at which point the underlying securities are sold and the proceeds are distributed to the investors.

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