A Mutual Fund's Net Asset Value Is Determined by

question 31

Multiple Choice

A mutual fund's net asset value is determined by

• A)demand for the fund based on the fund's performance.
• B)the fund manager's reputation.
• C)the value of the securities held by the fund.
• D)all of the above.

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Definitions:

Eutrophic Lake

A body of water characterized by high levels of nutrients leading to an abundance of plant life and depletion of oxygen, which can be detrimental to other organisms.

Oligotrophic Lake

A lake characterized by low nutrient concentrations, which typically supports little aquatic plant life.

Invertebrates

Animals that lack a vertebral column, including species such as insects, crustaceans, and mollusks.

Decomposers

Organisms, such as bacteria and fungi, that break down dead or decaying organic matter, recycling nutrients back into the ecosystem.