The Units of a Segregated Fund Differ from the Units

question 79

Multiple Choice

The units of a segregated fund differ from the units of a mutual fund in that

• A)a segregated fund does not report a NAV.
• B)the units of the segregated fund are owned by the unit holder.
• C)each unit is insured from the date of purchase.
• D)the units of the segregated fund are owned by the insurance company.

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Definitions:

Shape Constancy

The perceptual phenomenon wherein the perceived shape of an object remains constant despite changes in its retinal image due to varying angles and distances.

Dinner Plate

A large, flat dish from which main meals are typically eaten, an essential component of dining tableware.

Consistent Form

The quality of maintaining uniformity or stability in structure or appearance over time.

Color Constancy

The perceptual property that ensures an object appears the same color under varying lighting conditions.