Which One of the Following Statements Is True

question 10

Multiple Choice

Which one of the following statements is true?

• A)Most mutual funds are managed funds.
• B)How long the present fund manager has been managing the fund is irrelevant.
• C)You should ignore fees when comparing mutual funds.
• D)Managed funds are usually index funds.
• E)A team of managers is always better than a single fund manager.

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Definitions:

Specific Set

A clearly defined and identified collection of elements or members.

General Price

The standard or average cost of goods or services available in the market to all consumers.

Electronic Goods

Products that use electric power for their operation, including consumer electronics like phones, TVs, and computers.

Law Of One Price

The economic theory stating that in an efficient market, identical goods must have only one price.