Most investment companies are ___________________ and called ____________________.

Question

Quizplus · Accepted Answer

Most investment companies are open-end, meaning they issue and redeem shares at their net asset value. These investment companies are commonly called mutual funds. Load funds are a type of mutual fund that charge a sales charge or commission, but they are not the most common type of investment company. Money market mutual funds are a type of mutual fund that invest in short-term, low-risk securities, but they are not the most common type of investment company. Closed-end funds are a type of investment company that issue a fixed number of shares that trade on an exchange, but they are not as common as open-end mutual funds.

Most Investment Companies Are ___________________ and Called ____________________

Most Investment Companies Are _ and Called __