Which of the Following Statements Is NOT Correct

question 49

Multiple Choice

Which of the following statements is NOT correct?

• A)Investors can purchase shares directly from an open-end fund at any time.
• B)The number of shares of an open-end fund is always changing.
• C)Open-end funds typically maintain some cash on hand in case investments exceed redemptions.
• D)There are many different categories of open-end mutual funds.

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Definitions:

Technological Improvements

Enhancements or advancements in technology that increase productivity, efficiency, or the overall quality of goods and services.

Subscribers

Individuals or organizations that agree to receive products or services on a regular basis from a provider, often through a paid subscription.

Consumer Income

The total earnings of consumers, affecting their ability to purchase goods and services.

Lawn Mowers

Machines or devices that are used to cut a grass surface to an even height, powered manually or by an engine.