Which of the Following Statements Is Incorrect

question 85

Multiple Choice

Which of the following statements is incorrect?

• A) Investors can purchase shares directly from an open-end fund at any time.
• B) The number of shares of an open-end fund is always changing.
• C) Open-end funds typically maintain some cash on hand in case investments exceed redemptions.
• D) There are many different categories of open-end mutual funds.

---

Definitions:

Insecticide

Chemical substances used to kill or control insects, protecting crops or eliminating pests that carry diseases.

Impulses

Electrical signals that travel along the neurons, enabling communication within the nervous system.

Finger Muscles

Muscles in the fingers that are primarily responsible for controlling movement and providing the ability to grip and manipulate objects.

Sodium Ions

Positively charged atoms of sodium, essential for cellular functions, including the generation and transmission of nerve impulses and the regulation of fluid balance in the body.