Choose the Word or Phrase in [ ] Which Will

question 47

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-[Open-end | Closed-end] mutual funds always redeem shares at NAV.

Describe how changes in supply and demand impact market outcomes.

Explain the principle of the law of demand.

Understand the role of individual buyers and sellers in competitive markets.

Differentiate between movements along the demand curve and shifts in the demand curve.

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Definitions:

Current Account

A part of the balance of payments of a country, accounting for trade balance, net primary income, and net secondary income transactions with foreign entities.

Surplus

A situation where the quantity of a good or service supplied exceeds the quantity demanded at the current price, often leading to price reductions.

Deficit

A financial situation where expenditures exceed revenue, leading to a shortfall that must be financed through borrowing or existing reserves.

Foreign Assets

Investments or properties owned by individuals or entities in countries other than their home country.