Which of the following statements concerning a unit investment trust is correct?

		a. It has an unmanaged portfolio.
		b. It usually consists of common stocks.
		c. It is most appropriate for young people.
		d. It requires constant management attention.

Open-end funds and closed-end funds are similar except for:

		a. Capitalization.
		b. Objectives.
		c. Regulation.
		d. Investment management.