The Net Asset Value of a Mutual Fund Rises with

question 23

Multiple Choice

The net asset value of a mutual fund rises with

• A) higher stock prices
• B) lower stock prices
• C) larger number of shares
• D) increased liabilities

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Definitions:

Iconic Memory

A component of the visual memory system which includes a very brief (<1 second) recall of visual images.

Echoic Memory

A subsystem of sensory memory that retains auditory information for a short period after the original sound has ceased.

Selectively Noticing

The cognitive process of focusing attention on certain stimuli or information while ignoring others, often based on personal relevance or importance.

Attention

The process of selectively concentrating on one aspect of the environment while ignoring other things.