INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.
-"Mutual Fund" technically refers to [an open-end | a closed-end] investment company.

Question

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. 
-"Mutual Fund" technically refers to [an open-end | a closed-end] investment company.

Quizplus · Accepted Answer

A mutual fund is an open-end investment company, meaning that it continuously issues and redeems shares to meet investor demand, while a closed-end investment company issues a fixed number of shares in an initial public offering and typically trades on a stock exchange.

INSTRUCTIONS: Choose the Word or Phrase in [ ] Which