A Mutual Fund in Which the Portfolio Is Weighted Exactly

question 3

Multiple Choice

A mutual fund in which the portfolio is weighted exactly like the Standard and Poor's 500 Index,or any other market measure is called:

• A)a stock fund.
• B)a balanced fund.
• C)an index fund.
• D)a market funD.Index funds are mutual funds that replicate a market index as closely as possible.

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Definitions:

Axillary Crutches

Mobility aids used to transfer weight from the legs to the upper body, typically positioned under the armpits.

Supplies Account

An account used to track the cost of consumable items and minor equipment used within a business operation.

Adjustment

An alteration made to financial records or statements to correct errors or account for changes.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit columns to ensure that a company's financial transactions are correctly recorded.