The Fund Whose Main Objective Is Growth Is Known as A(n)____

question 59

Multiple Choice

The fund whose main objective is growth is known as a(n) ____ fund.

• A)balanced
• B)preferred stock
• C)money market
• D)index
• E)none of these

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Definitions:

Inception

The beginning point or establishment of an activity, agreement, or document.

U.S.GAAP

The collection of authoritative standards and principles for financial accounting and reporting in the United States, established by the Financial Accounting Standards Board.

IFRS

International Financial Reporting Standards; a set of accounting standards developed by the International Accounting Standards Board (IASB) aiming at standardizing financial reporting across the globe.

Liquidity

A measure of a company's ability to pay off its short-term liabilities with its available cash and quick assets.