Which of the Following Observations Is True of a No-Load

question 56

Multiple Choice

Which of the following observations is true of a no-load fund?

• A)Purchase is subject to a sales charge.
• B)Sales charges may be as high as 8.5 percent.
• C)They market shares of the fund directly to investors.
• D)They use sales agents.
• E)They have up-front commission charges.

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Definitions:

Moles

A unit in chemistry that represents 6.022 x 10^23 particles of a given substance, used to express the amount of a chemical substance.

Temperature

An indication of how hot or cold a substance is, determined by the average kinetic energy of its particles.

Ideal Gas Law

A fundamental equation that relates pressure, volume, temperature, and the amount of gas, represented as PV = nRT.

Hydrogen Gas

A colorless, odorless, highly flammable gas, the lightest of all gases, used in various industrial processes.