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:

Universal Necessities

are the basic requirements common to all human beings, essential for maintaining life and health.

Self-Determination Theory

A theory of motivation that emphasizes the role of autonomy, competence, and relatedness in fostering intrinsic motivation and psychological growth.

Motivation Autonomous

A form of motivation that comes from within an individual, driving them to engage in activities out of personal interest or internal rewards.

Interesting and Fun

Activities or topics that are engaging and enjoyable, often leading to enhanced motivation and learning.