Mutual fund allows investors to sale out their share during any normal trading hours is classified as____________?
Correct answer: A. Exchange traded fund
- A. Exchange traded fund
- B. Management expense
- C. Money trade fund
- D. Capital trade fund
Explanation
An exchange-traded fund can be bought or sold throughout normal exchange trading hours, unlike a traditional mutual fund, which is priced and traded at the end of the day. The other choices are not standard fund types for this feature.
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Business finance explains how organisations plan, obtain and use money while balancing risk, return and liquidity. Topics include financial statements, time value of money, budgeting, working capital, capital structure, sources of finance, investment appraisal and cost of capital. Capital budgeting evaluates long-term projects, whereas working capital manages day-to-day operations.
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