CFA Practice Question

CFA Practice Question

Which of the following is an example of an Investment Company?
A. Bond Rating Agency
B. Closed End Mutual Fund
C. Commercial Bank
Explanation: Closed-end funds are regulated under the Investment Company Act of 1940 and are also subject to the Securities Act of 1933 and the Securities Exchange Act of 1934.

User Contributed Comments 2

User Comment
jpducros Commercial bank do not make any investment ?
agolf88 .. are there any pure commercial banks left?
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