Which One of the Following Statements Regarding Open-End Mutual Funds

question 35

Multiple Choice

Which one of the following statements regarding open-end mutual funds is false?

• A) The funds redeem shares at net asset value.
• B) The funds offer investors professional management.
• C) The funds offer investors a guaranteed rate of return.
• D) The funds redeem shares at net asset value and offer investors professional management.

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Definitions:

Heme

An iron-containing compound that forms the nonprotein part of hemoglobin and some other biological molecules, essential for oxygen transport in the bloodstream.

Anemia

A condition marked by a deficiency of red blood cells or of hemoglobin in the blood, resulting in pallor and weariness.

Iron

A metallic element (Fe), crucial for biological processes and used in making steel and other alloys.

Canines

Sharp, pointed teeth located towards the front of an animal's mouth, used primarily for tearing food.