{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

QCHAPTER 3 - Chapter 3 INDIRECT INVESTING Multiple Choice...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 3 INDIRECT INVESTING Multiple Choice Questions Investing Indirectly 1. Which of the following is not a characteristic of investments companies? a. pooled investing b. diversification c. managed portfolios d. reduced expenses 2. In order to avoid paying income taxes, an investment company must: 3. Investment companies must register with the SEC under the provisions of the: Types of Investment Companies 4. The most popular type of investment company is a: 5. An unmanaged fixed income security portfolio handled by an independent trustee is known as a: a. junk bond fund b. closed-end investment company. c. unit investment trust. d. hedge fund. Chapter Three Indirect Investing 23
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
6. Which of the following is a major objective of unit investment trusts? 7. A major difference between a closed-end investment company and an open-end investment company is that: 8. . Which of the following generally trade on stock exchanges? 9. Which of the following statements concerning the trend in investment company growth is true? a. The recent trend shows more growth in closed-end investment companies. b. The recent trend shows more growth in unit investment trusts. c. The recent trend shows more growth in open-end investment companies. d. All investment companies have been growing at an equal rate.
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}