Mutual funds that offer limited shares that are not redeemable are referred to as
A) open-end.
B) closed-end.
C) negotiable.
D) nonnegotiable.
B
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Economists argue that:
a. accounting costs consider all types of costs including implicit costs b. there is an opportunity cost associated with all decisions. c. economic decisions do not have opportunity costs but other decisions do. d. economic decisions should consider sunk costs
The trade-offs in the effect of unemployment insurance are:
A. it prolongs the job search, but reduces the number of job searches a person has to make. B. it shortens the job search, but lengthens the number of times a person will switch careers. C. it is free money and makes people lazy, but without it people would starve. D. it reduces incentive to accept a job, but reduces the number of job offers typically made.
In the basic Keynesian model, a tax increase:
A. reduces short-run equilibrium output. B. increases potential output. C. reduces potential output. D. increases short-run equilibrium output.
The statement that “repaying our enormous national debt will ruin the nation” is
A. true, because taxes will have to go up by such large amounts that American citizens will have very little income to live on. B. true, because most of our national debt is owed to foreigners. C. false, because the government will take emergency measures to prevent national bankruptcy. D. false, because each time the principal on the debt comes due, the U.S. Treasury rolls it over by issuing more debt.