If You Bought a Back-End Load Mutual Fund Which Had

question 14

True/False

If you bought a back-end load mutual fund which had a six-year declining redemption schedule,and held the fund for seven years,you would pay only a minimal load fee.

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Definitions:

Several Seconds

A brief period of time, typically less than a minute, often used to describe the duration of brief events.

Minutes

Written records of the main points and decisions made during meetings or formal gatherings.

Seven-digit Phone Number

A standard format for telephone numbers that includes a sequence of seven digits, often used in the United States and other countries.

Short-term Memory

The ability to keep a limited amount of data in a readily accessible and active condition for a brief duration.