Examlex
Which of the following describes a mutual fund that charges no commission to buy or sell its shares?
Lifetime Limit
The maximum duration or amount of something that is allowed or tolerated within one's lifetime.
Caste System
A traditional form of social stratification found in some countries, notably India, characterized by hereditary transmission of lifestyle, occupation, and social status.
Stratification System
A social structure that divides society into different layers based on socio-economic status, race, ethnicity, or gender.
Ascribed Status
A social position assigned at birth or involuntarily later in life, based on factors like race, family background, and so on, over which the individual has no control.
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