To Purchase Shares in an Open-End Mutual Fund from an Investment

question 27

True/False

To purchase shares in an open-end mutual fund from an investment company,you may use four options: regular account transactions,voluntary savings plans,contractual savings plans,and reinvestment plans.

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Definitions:

Insurance Company

A financial institution that offers various forms of insurance coverage to protect individuals and businesses against risk.

Programmed Instruction

A method of self-learning through the use of instructional materials that are segmented into small units, each of which is followed by a test.

On-The-Job Training

A hands-on method of teaching the skills, knowledge, and competencies needed for employees to perform a specific job within the workplace.

Hierarchical Sequencing

A method in project management and software development where tasks are completed in a specific, ordered sequence, often based on priority or dependency.