The Number of Funds and Assets Size of the Mutual

question 105

Multiple Choice

The number of funds and assets size of the mutual fund industry have grown dramatically since 1970 because of the introduction of

• A)money market mutual funds in 1972.
• B)tax-exempt money market mutual funds in 1979.
• C)special-purpose equity, bond, and derivative funds.
• D)401-k retirement plans sponsored by employers.
• E)All of the options.

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Definitions:

Intrastate Business

Business operations that occur solely within one state’s borders, not involving or affecting trade between states.

U.S. Constitution

The supreme law of the United States, establishing the national framework of government and the fundamental rights of its citizens.

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State Lines

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