Mutual funds in which a fixed number of nonredeemable shares are sold at an initial offering and are then traded in the over-the-counter market, like shares of common stock, are called
A) open-end funds.
B) close-end funds.
C) OTC funds.
D) primary-issue funds.
B
Economics
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The market prices of existing bonds are
A) inversely related to the interest rate. B) stated in terms of the interest rate. C) not related to the interest rate. D) directly related to the interest rate.
Economics
Which of the following statements is true?
A) Eurobanks are able to create money. B) Eurobanks accept deposits but not loans. C) Eurobanks are essentially intermediaries. D) Both A and C.
Economics