The Net Asset Value of International Stock Mutual Funds ____

question 25

Multiple Choice

The net asset value of international stock mutual funds ____ as the dollar strengthens against foreign currencies. (Assume no change in the prices of foreign stocks.)

• A)increases
• B)decreases
• C)is unaffected
• D)can increase or decrease depending on the dollar's degree of strength

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Definitions:

Condition Subsequent

A condition that operates to relieve or discharge one from his obligation under a contract.

Building Code

Regulations that specify the standards for constructed objects such as buildings and nonbuilding structures, ensuring safety, health, and welfare of the occupants.

Excused from Performance

A legal concept where a party is released from fulfilling their obligations under a contract due to unforeseen circumstances that make performance impossible or impracticable.

Mitigate Damages

The requirement for an injured party to take reasonable action to minimize the amount of damages caused by a breach of contract or tort.