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U
is for Unit
One piece of something you can buy.
A UNIT is just 'one of something' — like 1 share of a stock or 1 share of a fund.
Example
Buying 5 units of a fund = 5 shares of that fund.
Mini-Quiz · +150 KC if you pass
1. A unit means…
2. 1 share = how many units?
3. Units of funds work like…