Which of the Following Is a Form of Housing in Which

question 97

Multiple Choice

Which of the following is a form of housing in which shareholders purchase stock to obtain the right to live in a unit of the building?

• A) Condominium
• B) Cooperative housing
• C) Manufactured home
• D) Single-family dwelling
• E) Townhouse

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Definitions:

Index Funds

Mutual funds or ETFs designed to replicate the performance of a specific market index, such as the S&P 500, by holding the same stocks in the same proportions.

Front-end Load

A charge or fee paid by an investor at the time of purchasing shares of a mutual fund or an investment, typically used to cover sales commissions.

Expense Ratio

The annual fee that all mutual funds and ETFs charge their shareholders, expressed as a percentage of the fund's average net assets.

NAV

Net Asset Value, the per-share value of a mutual fund or ETF, calculated by dividing the total value of all the securities in the portfolio, minus liabilities, by the number of shares outstanding.