A Popular Train Station Has Free Parking for Commuters Who

question 144

Multiple Choice

A popular train station has free parking for commuters who take the train.This often results in many people being unable to find a parking spot and missing their train.To solve this problem,all commuters should be:

• A)given a parking pass along with their ticket.
• B)required to pay for parking.
• C)barred from parking at the station.
• D)exempt from parking lot fees.

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Definitions:

No-load Mutual Fund

A mutual fund that does not charge any type of sales load or commission, allowing investors to put more of their money directly into investments.

Expense Ratio

The annual fee that mutual funds, index funds, and ETFs charge their shareholders, expressed as a percentage of the fund's average net assets.

NAV

NAV, or Net Asset Value, is the per-share value of a mutual fund or an exchange-traded fund (ETF), calculated by dividing the total value of all the securities in the portfolio, minus any liabilities, by the number of shares outstanding.

Mutual Fund

A financial instrument that pools money from various investors to invest in different types of securities, including stocks, bonds, money market instruments, and additional assets.