For Mutual Funds,the Net Asset Value (NAV)is Reported

question 19

Multiple Choice

For mutual funds,the net asset value (NAV) is reported

• A)on an hourly basis.
• B)on a daily basis.
• C)monthly on the close of the last Friday.
• D)weekly on Fridays just after market close.

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Definitions:

Sensorimotor

The first stage in Piaget's theory of cognitive development, where infants learn through interacting with the environment, from birth to about 2 years of age.

Concrete Operational

A stage in cognitive development, according to Piaget, where children gain the ability to think logically about concrete events.

Preoperational

A stage in Jean Piaget's theory of cognitive development during which children aged approximately 2 to 7 years old develop memory and imagination.

Formal Operational

A stage in Piaget's theory of cognitive development where individuals gain the ability to think abstractly, systematically, and logically.