Which Type of Stock Fund Focuses Primarily on Current Income

question 104

Multiple Choice

Which type of stock fund focuses primarily on current income?

• A)growth and income
• B)small-company
• C)equity income
• D)capital appreciation
• E)growth

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Definitions:

Interest

The charge for borrowing money or the return on investment of saved funds.

Months

Units of time, each approximately 30-31 days long, used to measure durations and periods in the calendar year.

Deposit

A quantity of funds saved or stored in a banking account, often for the purpose of accruing interest.

Interest

The cost of borrowing money or the payment received for depositing money, usually expressed as a percentage of the principal over a period of one year.