Which of the following statements best describes the legal organization of mutual funds?
A) funds are organized as a single entity that handles all functions such as custody and investment decisions.
B) funds split their basic functions such as record keeping and investment decisions among two or more companies.
C) funds are owned by the company that manages them.
D) a distributor keeps track of investment and redemption requests from shareholders and maintains other shareholder records.
Correct Answer:
Verified
Q5: Which of the following are advantages offered
Q6: Mutual funds rank second only to banks
Q7: Investors purchase shares in an open end
Q8: The purchase price of a closed-end mutual
Q9: To operate as a regulated investment company
Q14: Nearly all mutual funds operate as regulated
Q16: Which one of the following statements concerning
Q16: The discount or premium on a closed-end
Q18: Which one of the following statements is
Q18: One drawback of investing in mutual funds
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