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Assume that General Motors employs labor and materials, whose costs are denominated in dollars, in the production of automobiles.If the dollar's exchange value appreciates by 10 percent against the yen, the yen-denominated cost of a GM vehicle falls by 10 percent.
Front-end Load
A fee charged to an investor at the time of their initial investment into a mutual fund, typically used for the fund's sales commission.
Expense Ratio
The measure of what it costs an investment company to operate a mutual fund, expressed as a percentage of the fund's assets.
Mutual Fund
An investment vehicle that pools money from many investors to purchase a diversified portfolio of stocks, bonds, or other securities.
Net Asset Values
The value of an entity's assets minus the value of its liabilities, often used in relation to investment funds.
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