Shares in an Open-End Fund Are Redeemed by the Investment

question 62

True/False

Shares in an open-end fund are redeemed by the investment company at the request of the investor.

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Definitions:

Tap

A tool used to cut internal threads into a hole, creating a surface that can accommodate a screw or bolt.

American Society of Mechanical Engineers

A professional association that sets engineering standards, focusing on mechanical engineering.

ASME

American Society of Mechanical Engineers, a professional association that sets codes and standards for engineering practices, especially concerning mechanical engineering.

Threads

The helical structure on a cylindrical object such as a screw or bolt, allowing it to be screwed into a corresponding threaded hole or nut.