Each of the Following Is True of Managed Funds EXCEPT

question 13

Multiple Choice

Each of the following is true of managed funds EXCEPT

• A)funds are open or closed.
• B)open managed fund shares are bought from or sold to the fund.
• C)an index fund is the fund with the highest expenses payable by investors.
• D)the net asset value is the total value of the fund divided by the number of outstanding units.

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Definitions:

Adoption Studies

Research methods in behavioral genetics, looking at the similarities between adopted children and their adoptive and biological parents to understand the influence of genetics versus environment.

Nature

The inherent features, characteristics, or qualities of something, often contrasted with nurture, which refers to the influence of the environment and learning.

Nurture

The influence of environmental factors like education and care on the growth and development of an individual.

Intelligence

The ability to learn, comprehend, solve problems, and adjust to novel circumstances.