Most Notes Are Not Interest Bearing

question 59

True/False

Most notes are not interest bearing.

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Definitions:

12b-1 Fees

These are annual fees charged by a mutual fund to cover marketing, distribution, and sometimes administrative expenses, directly reducing the fund's return to its investors.

Management Expenses

These are fees paid out of fund assets to the fund manager for investment management and operational services, including administrative and overhead costs.

Morningstar

A financial services firm known for its analysis of mutual funds and other investment vehicles, providing investors with ratings and research.

Performance Rating

An evaluation of the investment performance of a security or portfolio compared to a standard or benchmark.