Some Index Funds Have Relatively High Expense Ratios of 1

question 98

True/False

Some index funds have relatively high expense ratios of 1.25% even though they are not actively managed.

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Definitions:

Recording

The act of documenting financial transactions in the accounting records of an organization, following principles of bookkeeping.

Consolidation Entry S

A journal entry that combines the financial statements of a parent company with its subsidiaries to present as a single entity.

Consolidation Worksheet

A tool used in preparing the consolidated financial statements, facilitating the combination of financial information.

Purpose

The reason for which something exists or is done, made, or used.