An open-end investment company is commonly referred to as a(n)

Question

Quizplus · Accepted Answer

An open-end investment company is commonly referred to as a mutual fund, which allows investors to buy and sell shares at the current net asset value (NAV) of the fund. Other options listed (balanced fund, money market fund, unit trust) are specific types of mutual funds, but not synonymous with open-end investment companies. "Accessible fund" is not a commonly used term in the investment industry.

An Open-End Investment Company Is Commonly Referred to as A(n)