Choose the Word or Phrase in [ ] Which Will

question 47

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-[Open-end | Closed-end] mutual funds always redeem shares at NAV.

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Definitions:

Bartered Goods

Items that are traded or exchanged for other goods or services without the use of money.

Manual Insurance Log

A traditional, paper-based record keeping system for tracking insurance claims and coverage information.

Secondary Insurance

Insurance coverage that pays for medical or other expenses not covered by a person's primary insurance policy.

Clearinghouse

An intermediary entity that facilitates the exchange of financial, medical, or other types of information and transactions between two parties.