It Is Not Important to Have a Secondary Market for Mutual

question 17

Multiple Choice

It is not important to have a secondary market for mutual funds because:

• A)investors hold the securities till maturity.
• B)investors trade between themselves.
• C)investors sell their shares back to the company.
• D)banks will cash their shares as long as they have accounts at the bank.

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Definitions:

Aptitude

A natural ability to excel in a certain activity or field, often assessed through tests for educational and occupational placement.

Assessment

The set of procedures for gathering information about an individual’s psychological state, sometimes leading to a diagnosis.

Sternberg

Robert Sternberg, a psychologist known for his work on intelligence, creativity, wisdom, thinking styles, and love.

Intelligence

refers to the ability to learn from experience, adapt to new situations, understand and handle abstract concepts, and use knowledge to manipulate one's environment.