The expenses incurred by a mutual fund are billed separately to investors and are not included in the calculation of the fund's net asset value (NAV)

Pacta sunt servanda means that every treaty in force is binding upon the parties to it and must be performed by them in good faith

Indicate whether the statement is true or false

_____ are very safe and highly liquid assets that firms list with their cash holdings on their balance sheet

A) ?Intangible assets B) ?Marketable derivatives C) ?Cash equivalents D) ?Cash certificates