Pools of money invested in a portfolio that is fixed for the life of the fund are called
A. closed-end funds.
B. open-end funds.
C. unit investment trusts.
D. REITS.
E. redeemable trust certificates.
A. closed-end funds.
You might also like to view...
Amy Lebrun has thought of a new franchise for bookkeeping systems. She wants to get legal protection for her franchise. Which of the following is the appropriate one?
A) Copyright B) Patent C) Industrial design D) Personality rights E) None of the above
The following balance sheet information is provided for Apex Company for Year 2:Assets Cash$5,400 Accounts receivable 15,500 Inventory 18,000 Prepaid expenses 1,600 Plant and equipment, net of depreciation 20,200 Land 19,950 Total assets$80,650 Liabilities and Stockholders' Equity Accounts payable$4,500 Salaries payable 11,500 Bonds payable (due in ten years) 19,000 Common stock, no par 30,000 Retained earnings 15,650 Total liabilities and stockholders' equity$80,650 What is the company's working capital?
A. $24,500 B. $22,900 C. $20,300 D. $4,900
In the common law system of the United States, a crime is defined as:
A) a private wrong that necessitates litigation between the victim and the perpetrator. B) any act or omission prohibited by the government and made punishable in a judicial proceeding brought by the government. C) litigation where the injured party sues to recover compensation for the damages and injury sustained as a result of the defendant's wrongful conduct. D) interstate compacts and the rules and regulations of federal and state agencies.
John loans George money, and they sign a written agreement whereby George will repay John in monthly installments. Is this loan subject to the Truth in Lending Act?
A. Yes, if the loan is for more than $1,000. B. Yes, if John and George live in different states. C. No, if John is not in the business of offering credit. D. No, if John and George are related.