Exams

Net asset value (NAV) is value per share of a mutual fund or an exchange-traded fund (ETF) on a specific date or time. It  is the value of an entity's assets minus the value of its liabilities, often in relation to open-end or mutual funds, since shares of such funds registered with the U.S. Securities and Exchange Commission are redeemed at their net asset value.

A commercial bank is a type of financial institution that accepts deposits, offers checking account services, makes business, personal and mortgage loans, and offers basic financial products like certificates of deposit (CDs) and savings accounts to individuals and small businesses. A commercial bank is where most people do their banking, as opposed to an investment bank.

Commercial banks are funded through customer deposits. These banks make money by providing loans and earning interest income from those loans. The types of loans a commercial bank can issue vary and may include mortgages, auto loans, business loans and personal loans. A commercial bank may specialize in just one or a few types of loans.

Customers who deposit money into these accounts effectively lend money to the bank and are paid interest. However, the interest rate paid by the bank on money they borrow is less than the rate charged on money they lend.

The olfactory system is the only system in which the receptors send their signal directly to the higher brain and bypass the thalamus, which normally acts as a filter for the processes of the lower brain.

$$\begin{gathered} Given x × y = x + y + xy \\ Here x = 6 , y = 24 \\ Then, \\ x × y = 6 + 24 + 6x24 \\ 6 x 24 = 30 + 144 \\ = 30 + 12 \\ = 42. \end{gathered}$$