The NAV of Which Funds Is Fixed at $1 Per

question 15

Multiple Choice

The NAV of which funds is fixed at $1 per share?

• A) Equity funds
• B) Money market funds
• C) Fixed income funds
• D) Commingled funds

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Definitions:

Acuity

Sharpness or keenness of thought, vision, or hearing; the ability to perceive details with clarity.

Motion Parallax

A depth cue in which objects closer to the observer move faster across the visual field than objects further away, creating a perception of depth.

Light And Shadow

The use of lighting and shadows to create visual depth and dimension or to convey mood and atmosphere.

Linear Perspective

A depth cue that refers to the way parallel lines appear to converge as they recede into the distance.