Roberta Cartwright Puts Money Each Month into a Mutual Fund

question 60

Multiple Choice

Roberta Cartwright puts money each month into a mutual fund that has very few controls;in that,the managers can invest in whatever they want because this type of fund is not regulated by the SEC.Roberta has a(n) ________ fund.

• A)open-end
• B)closed-end
• C)hedge
• D)no-load
• E)back-end load

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Definitions:

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