INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

question 52

Multiple Choice

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.
-The NAV indicates the guaranteed price at which you could [buy | redeem] your mutual fund shares in a load fund.

• A)for the first item
• B)for the second item
• C)if neither item will correctly complete the statement.

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Definitions:

Opportunity Cost

The expense associated with missing out on the second-best choice when deciding or selecting a course of action.

Cookie

A small text file that is stored on a user's computer by a website to remember information about the user's visit.

Absolute Advantage

A term used in international trade theory to describe the ability of a country to produce a good more efficiently than another country.

Comparative Advantage

The ability of a country or firm to produce a particular good or service at a lower opportunity cost than others, leading to more efficient trade patterns.