Mutual Funds
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1) No load mutual funds are normally promoted by ______. Load funds are promoted by ______.
a registered representatives of a brokerage firm; registered representatives of a brokerage firm
b registered representatives of a brokerage firm; the mutual fund of concern
c the mutual fund of concern; registered representatives of a brokerage firm
d the mutual fund of concern; the mutual fund of concern
2) To cover managerial expenses, mutual funds typically charge
a management fees of 1 to 2 percent of total assets per year
b commissions of typically 8 to 10 percent of transaction market value per year
c management fees of typically more than 10 percent of total assets per year
d. commissions of typically 3 to 5 percent of the transaction market value per year
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Answers multiple choice questions on No load & load funds and mutual funds.
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1) No load mutual funds are normally promoted by ______. Load funds are promoted by ______.
a registered representatives of a brokerage firm; registered representatives of a brokerage firm
b registered representatives of a brokerage firm; the mutual fund of concern ...
Purchase this Solution
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