The Conversion Privilege Offered by Many Mutual Funds Enables Investors

question 54

True/False

The conversion privilege offered by many mutual funds enables investors, within three days, to convert their shares back to cash in an amount equal to the original cost of the investment.

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Definitions:

Physiological

Pertaining to the branch of biology that deals with the normal functions of living organisms and their parts, including the physical and chemical processes involved.

Self-Actualisation

The achievement of realizing one's abilities and potential, viewed as an innate motivation or necessity in all individuals.

Deficit Principle

A concept indicating that the less frequently a reward is available or the less a need is satisfied, the more value or desirability that reward or satisfaction of the need has.

Self-Actualisation Needs

The highest level in Maslow's hierarchy of needs, representing the fulfillment of one's potential and the realization of one's abilities and talents.