On Average, Mutual Funds Have an Expense Ratio of About

question 60

True/False

On average, mutual funds have an expense ratio of about 3%.

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Definitions:

External Locus of Control

An external locus of control refers to the belief that one's successes or failures result from external factors beyond one's control, rather than one's own efforts.

Internal Locus of Control

A belief that one has control over their own life and outcomes, as opposed to external forces having that control.

Free Will

The power or ability to make choices free from certain constraints, suggesting a form of autonomy or self-determination.

Type A Personality

Type A personality is characterized by a constant feeling of working against the clock and a strong sense of competitiveness.