________ Is a False Statement Regarding Open-End Funds

question 26

Multiple Choice

________ is a false statement regarding open-end funds.

• A)'They offer investors a guaranteed rate of return'
• B)'They offer investors a well-diversified portfolio'
• C)'They redeem shares at their net asset value'
• D)'They offer low-cost diversification

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Definitions:

Budget Surplus

A situation where a government's revenue exceeds its expenditures during a specific period of time.

Tax Liability

The total amount of tax owed to a taxing authority, such as the government, based on taxable income and tax rate.

Tax Revenue

The income that is gained by governments through taxation, used to fund public services and government obligations.

Social Security

A government program that provides financial assistance to people with inadequate or no income, primarily the elderly, disabled, and families with dependent children.