In Contrast to a Centralized System,a Client/server Design Separates Applications

question 7

True/False

In contrast to a centralized system,a client/server design separates applications and data.

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Definitions:

Prospectus

A formal document that provides details about an investment offering for sale to the public.

Management Fee

A charge paid to investment managers for their services, typically a percentage of the assets under management.

Assets

Economic resources owned or controlled by an individual or entity, capable of producing value.

NAV

Net Asset Value, the total value of a fund's assets minus its liabilities, usually expressed per share.