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FINRA Series 6

Category - Series 6

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Which of the following investment companies will always be passively managed?

a face-amount certificate company
a unit investment trust
a mutual fund
a closed-end investment company

Explanation

Answer: B - A unit investment trust is always passively managed. Some mutual funds, such as index funds, may also be passively managed, but not all mutual funds are passively managed.

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FINRA Series 6

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FINRA Series 6

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