Which of the Following Statements Is False

question 73

Multiple Choice

Which of the following statements is false?

• A)The purpose of investing in a closed-end,exchange-traded fund or open-end mutual fund is to earn a financial return.
• B)Income dividends are the earnings that a fund pays to shareholders from its dividend and interest income.
• C)Capital gain distributions are the payments made to a fund's shareholders that result from the sale of securities in the fund's portfolio.
• D)The only way to make money on a mutual fund is by selling shares at a higher price than was initially paid for them.
• E)All of the above statements are truE.

---

Definitions:

Conscientiousness

A personality trait characterized by thoroughness, a strong sense of duty, and a disciplined approach to tasks.

Affiliation

A connection or association with a group or organization.

Achievement

The successful attainment of goals, milestones, or objectives, often marked by a sense of accomplishment and recognition.

Power

Power refers to the ability or capacity to direct or influence the behavior of others or the course of events.