If Jules Is Interested in Investing in a Mutual Fund

question 11

Multiple Choice

If Jules is interested in investing in a mutual fund and wants to know how the funds will be invested and how the fund has performed in the past, he should read

• A)the fund's yearly report.
• B)the entry in the Investment Company Fact Book about the fund.
• C)articles in the Financial Times about the fund.
• D)the fund's  prospectus.

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Definitions:

Reconstruction Finance Corporation

Federal program established in 1932 under President Herbert Hoover to loan money to banks and other institutions to help them avert bankruptcy.

Herbert Hoover

The 31st President of the United States, serving from 1929 to 1933, best known for his leadership during the early years of the Great Depression.

Smoot-Hawley Tariff

1930 act that raised tariffs to an unprecedented level and worsened the Great Depression by raising prices and discouraging foreign trade.

Economic Crisis

A period characterized by widespread financial instability, which may lead to a recession and significantly impact employment and wealth.