Selling Your Back-End Load Mutual Fund Shares Might Result in a Charge

question 41

Multiple Choice

Selling your back-end load mutual fund shares might result in a charge called the:

• A) redemption fee.
• B) usage fee.
• C) management fee.
• D) recordkeeping fee.
• E) 12b-1 fee.

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Definitions:

Nitrification

A microbial process in the nitrogen cycle where ammonia is converted into nitrite and then into nitrate.

Atmosphere

The layer of gases surrounding a planet, essential for life on Earth, providing air to breathe and protecting from harmful solar radiation.

Assimilation

The process by which individuals or groups of differing ethnic heritage are absorbed into the dominant culture of a society.

Chlorophyll

A pigment found in plants and algae that absorbs sunlight for photosynthesis, giving them their green color.