__________ funds are much like mutual funds, but shares are not issued or redeemed on an ongoing basis; a set number of shares are issued and then listed on an exchange for trade among investors.
A. Closed-end
B. Finite
C. Limited
D. Short-line
Answer:A
__________ funds are much like mutual funds, but shares are not issued or redeemed on an ongoing basis; a set number of shares are issued and then listed on an exchange for trade among investors.
A. Closed-end B. Finite C. Limited D. Short-line