(Last Word) Before Trading Costs and Management Fees Are Taken

question 297

Multiple Choice

(Last Word) Before trading costs and management fees are taken into account, passively managed funds outperform actively managed funds by about ______ percent per year.

• A) 5
• B) 1
• C) zero
• D) 3

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Definitions:

Preamble

An introductory statement in a document that explains the document's purpose and underlying philosophy.

Black Abolitionists

African American activists who campaigned against the enslavement and oppression of black people.

American Anti-Slavery Society

Founded in 1833, the organization that sought an immediate end to slavery and the establishment of equality for black Americans. It split in 1840 after disputes about the role of women within the organization and other issues.

Fourth of July

An American federal holiday commemorating the adoption of the Declaration of Independence on July 4, 1776, marking the country's independence from Great Britain.