Question 1

A load fund is a mutual fund in which investors pay a commission every time they sell or redeem shares.

Accepted Answer

A) True 
 B)False

Question 2

An investment company sponsoring a mutual fund must give potential investors a

Accepted Answer

A)  analytical purchase report. 
B)  prospectus. 
C)  disclosure/evaluation form. 
D)  redemption fee sheet. 
E)  copy of the annual mutual funds evaluation provided by Changing Times magazine. 
A)  analytical purchase report. 
B)  prospectus. 
C)  disclosure/evaluation form. 
D)  redemption fee sheet. 
E)  copy of the annual mutual funds evaluation provided by Changing Times magazine.

Question 3

A mutual fund offered by insurance companies as an alternative to conventional mutual funds and offers a range of investment objectives and categories of securities is _______

Accepted Answer

A)  a balanced asset allocation fund 
B)  a segregated fund 
C)  an equity or common stock fund 
D)  a real estate mutual fund 
E)  an ethical fund 
A)  a balanced asset allocation fund 
B)  a segregated fund 
C)  an equity or common stock fund 
D)  a real estate mutual fund 
E)  an ethical fund

Question 4

For many individuals, mutual funds are not a good choice.

Accepted Answer

A) True 
 B)False

Question 5

A mutual fund that invests in investment grade corporate and government debt is called a(n) ____________ fund.

Accepted Answer

A)  balanced 
B)  equity 
C)  segregated 
D)  income 
E)  bond 
A)  balanced 
B)  equity 
C)  segregated 
D)  income 
E)  bond

Question 6

In an open-end fund, investors pay a commission (as high as 8.5 percent) every time they purchase or sell shares.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following statements is false?

Accepted Answer

A)  Market timers charge 1 1/2 percent to 3 percent of the dollar value of the funds they manage. 
B)  Early research indicates that market timers must be evaluated as a group. 
C)  Since market timers offer a relatively new service, it is hard to evaluate long-term performance. 
D)  The true test of market timers is the ability to increase the investor's return during good times and keep that return during bad times. 
E)  A market timer helps investors decide when to switch from one fund to another. 
A)  Market timers charge 1 1/2 percent to 3 percent of the dollar value of the funds they manage. 
B)  Early research indicates that market timers must be evaluated as a group. 
C)  Since market timers offer a relatively new service, it is hard to evaluate long-term performance. 
D)  The true test of market timers is the ability to increase the investor's return during good times and keep that return during bad times. 
E)  A market timer helps investors decide when to switch from one fund to another.

Question 8

If a mutual fund charges a front-end load of 3%, how much must the investor pay per unit if the NAVPS is $10.00?

Accepted Answer

A)  $9.70 
B)  $10.00 
C)  $10.16 
D)  $10.31 
E)  $13.00 
A)  $9.70 
B)  $10.00 
C)  $10.16 
D)  $10.31 
E)  $13.00

A load fund is a mutual fund in which investors pay a commission every time they sell or redeem shares.

An investment company sponsoring a mutual fund must give potential investors a

A mutual fund offered by insurance companies as an alternative to conventional mutual funds and offers a range of investment objectives and categories of securities is _______

For many individuals, mutual funds are not a good choice.

A mutual fund that invests in investment grade corporate and government debt is called a(n) ____________ fund.

In an open-end fund, investors pay a commission (as high as 8.5 percent) every time they purchase or sell shares.

Which of the following statements is false?

If a mutual fund charges a front-end load of 3%, how much must the investor pay per unit if the NAVPS is $10.00?

Personal Financial Planning: An Introduction

Money Management Strategy: Financial Statements and Budgeting

Planning Your Tax Strategy

The Banking Services of Financial Institutions

Introduction to Consumer Credit

Choosing a Source Credit: the Costs of Credit Alternatives

The Finances of Housing

Home and Automobile Insurance

Life, Health, and Disability Insurance

Fundamentals of Investing

Investing in Stocks

Investing in Bonds

Retirement Planning

Estate Planning

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Exam 13: Investing in Mutual Funds

A load fund is a mutual fund in which investors pay a commission every time they sell or redeem shares.

An investment company sponsoring a mutual fund must give potential investors a

A mutual fund offered by insurance companies as an alternative to conventional mutual funds and offers a range of investment objectives and categories of securities is _______

For many individuals, mutual funds are not a good choice.

A mutual fund that invests in investment grade corporate and government debt is called a(n) ____________ fund.

In an open-end fund, investors pay a commission (as high as 8.5 percent) every time they purchase or sell shares.

Which of the following statements is false?

If a mutual fund charges a front-end load of 3%, how much must the investor pay per unit if the NAVPS is $10.00?

Personal Financial Planning: An Introduction

Money Management Strategy: Financial Statements and Budgeting

Planning Your Tax Strategy

The Banking Services of Financial Institutions

Introduction to Consumer Credit

Choosing a Source Credit: the Costs of Credit Alternatives

The Finances of Housing

Home and Automobile Insurance

Life, Health, and Disability Insurance

Fundamentals of Investing

Investing in Stocks

Investing in Bonds

Retirement Planning

Estate Planning

Filters