A Mutual Fund with an Objective of Both Growth and Income

question 82

Multiple Choice

A mutual fund with an objective of both growth and income is a(n)

• A)bond fund.
• B)equity-income fund.
• C)growth fund.
• D)sector fund.
• E)balanced fund.

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Definitions:

Average Worker

The term "average worker" typically refers to a hypothetical or statistical individual whose job characteristics (wages, hours worked, skills) represent the mean or median of a larger group.

Business Cycle

The natural rise and fall of economic growth that occurs over time, marked by periods of expansion, peak, recession, and recovery.

Goods and Services

The physical objects (goods) and intangible benefits (services) that fulfill consumer needs and wants.

Unemployment Rate

The ratio of jobless individuals in the labor force who are not just unemployed but are actively pursuing employment opportunities.