The Commission Charged When Shares of an Open-End Mutual Fund

question 6

Multiple Choice

The commission charged when shares of an open-end mutual fund are purchased is called a

• A) management fee.
• B) back-end load.
• C) front-end load.
• D) 12(b)-1 fee.

---

Definitions:

Explicit Memory

A type of long-term memory involving the conscious recollection of factual information, previous experiences, and concepts.

Korsakoff's Syndrome

A chronic memory disorder often caused by severe deficiency of thiamine (vitamin B1), usually due to long-term alcohol abuse.

Vitamin B-1

Thiamine, known as Vitamin B-1, is essential for glucose metabolism and plays a critical role in nerve, muscle, and heart function.

Corpus Callosum

A broad band of nerve fibers joining the two hemispheres of the brain, facilitating communication between them.