Unit 4: Packaged Investments Flashcards
1
Q
What are investment companies?
What are the 3 types of investment companies as classified by the investment company act of 1940? Describe each one.
What are the differences between a close end fund and an open end fund?
A
2
Q
Variable Annuities
1) What are variable annuities? What were they introduced for?
2) What is the difference between variable annuities and fixed annuities?
3) What is annuitization?
A
3
Q
Share Classes
Mutual Funds
A
