The Purpose of the United Nations Commission on International Trade

question 54

True/False

The purpose of the United Nations Commission on International Trade Law is to promote international trade through the harmonization of trade law among nations.

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Definitions:

Asset Value

Asset value is the total value of a company's or individual's assets, calculated by summing the market value of all tangible and intangible items.

Net Asset Value

The total value of a fund's assets minus its liabilities, often used in the context of mutual and exchange-traded funds.

Investment Company

A trust or corporation that focuses on deploying the aggregated investments of individuals into financial securities.

Mutual Fund Assets

The total market value of all financial assets held by a mutual fund.