Which of the Following Is Not True with Respect to Mutual

question 41

Multiple Choice

Which of the following is not true with respect to mutual funds?

• A) They could be open-end or close-end
• B) They continually offer new shares
• C) Net asset value is calculated by subtracting all liabilities from the market value of all securities held in the portfolio and multiplying this figure by the outstanding shares
• D) Shares may be redeemed at net asset value at any time
• E) A and C

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Definitions:

Slave Trade

The historical trade in enslaved Africans, transported primarily to the Americas, which formed part of a triangular trade route involving Europe, Africa, and the Americas.

African American Culture

A combination of social, artistic, and religious practices and contributions developed by African Americans through their shared history and experience in the United States.

National Bank

A financial institution chartered by the government, typically involved in regulating currency supply, managing international reserves, and serving as a banker to the government.