Mutual funds,which sell shares directly to investors and repurchase shares investors want to sell,are called ________ funds.

Question

Quizplus · Accepted Answer

Open-end funds are also known as mutual funds, as they continuously issue and redeem shares based on investor demand. They are different from closed-end funds (Option C) which have a fixed number of shares and trade on exchanges like stocks. Open-market and Fair value (Option A and D) are not commonly used terms in describing mutual funds.

Mutual Funds,which Sell Shares Directly to Investors and Repurchase Shares