Each of the Following Is True of Mutual Funds EXCEPT

question 37

Multiple Choice

Each of the following is true of Mutual Funds EXCEPT

• A) Funds can be classified as load or no-load funds.
• B) Mutual Fund shares must be bought from or sold to the Fund by investors.
• C) An index fund is the fund with the highest expenses payable by investors.
• D) The NAV is the total value of stock held by the fund divided by the number of outstanding shares in the mutual fund.

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Definitions:

Biological Determinism

The belief that human behaviors, preferences, and societies are determined by genetic or hereditary factors rather than cultural or environmental influences.

Cerebral Cortex

The outer layer of the brain, involved in high-level functions such as thinking, perceiving, producing, and understanding language.

Evolutionary Psychology

A theoretical approach in psychology that explains human behavior and mental processes as adaptations shaped by natural selection throughout human history.

Reproductive Success

The passing of genes to the next generation in a way that they too can pass those genes on, a key concept in evolutionary biology and behavioral ecology.