The large and liquid capital and currency markets follow many of the principles outlined by the different schools of thought on exchange rate determination (parity conditions, balance of payments approach, and asset approach)

Closed-end funds

A) hold a portfolio whose size and content are fixed when the fund opens. B) are subject to both front loads and redemption fees. C) are purchased directly from the funds' manager. D) are traded at NAV.

The spreading strategy is particularly attractive to aggressive speculators

Indicate whether the statement is true or false.