A Contingent Deferred Sales Load,which Is a Charge That Shareholders

question 48

Multiple Choice

A contingent deferred sales load,which is a charge that shareholders pay when they withdraw their investment from a mutual fund,can be as low as 1 percent or as high as ________ depending on how long you own the mutual fund before making a withdrawal.

• A)3 percent
• B)5 percent
• C)7 percent
• D)10 percent
• E)15 percent

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Definitions:

Restraint Of Trade

Any activity or agreement that restricts competition or interferes with free trade in the marketplace.

Sherman Act

A foundational United States antitrust law aiming to prohibit monopolistic practices and promote competition.

Sherman Act

An antitrust law passed by the United States Congress in 1890 that prohibits monopolistic practices and promotes competition by making it illegal to establish trusts that interfere with free trade.

Violation

The act of breaking or disregarding a law, agreement, or code of conduct.