The Amount of Money in an Open-End Mutual Fund Changes

question 42

True/False

The amount of money in an open-end mutual fund changes as investors buy or sell the fund.

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Definitions:

Partially Performed

A term referring to a contract or agreement that has been started but not fully executed or completed.

Intended To Be Bound

A principle indicating that parties involved in an agreement wish and intend to be legally obligated under that agreement.

Void

Lacking legal validity or effect; something that is null and cannot produce any legal consequences.

Unenforceable

A term that describes a contract or clause that, due to certain legal deficiencies, cannot be upheld or enforced by a court.