Help
Course Catalog > Portfolios > 400
Portfolios 405: Closed-end Funds vs Mutual Funds and Exchange-Traded Funds

Test your knowledge

Choose wisely. There is only one correct answer to each question.

0%
Keep studying!
Review your answers below to learn more.
1.
Which vehicle does not continuously offer new shares?
Choose wisely. There is only one correct answer.
Closed-end funds. The other two do.
2.
Which investments are priced only once a day at market close?
Choose wisely. There is only one correct answer.
Mutual funds. Exchange-traded funds are not priced in this manner.
3.
Which investment can employ leverage by issuing preferred shares?
Choose wisely. There is only one correct answer.
Closed-end funds. Closed-end funds can issue preferred shares, but exchange-traded funds cannot.
4.
Which investments have a portfolio of investments with a net asset value?
Choose wisely. There is only one correct answer.
Both of the above. They share this trait, though differ in many others.
5.
Which investments may issue debt to leverage their net assets?
Choose wisely. There is only one correct answer.
Closed-end funds. Closed-end funds can issue debt or preferred shares for leveraging purposes. Mutual funds cannot.