4. In a close-ended fund, the investment company can also buy back shares or allow investors to redeem their shares at any time.

a. True b. False

5. Investment banks do not take deposits, but they frequently make loans.

a. True b. False

6. In an effort to stay afloat, zombie institutions offered low-cost loans to poorly qualified borrowers and made it difficult for well-run institutions to survive.

a. True b. False