A Mutual Fund That Invests Only in Shares of Gold

question 59

Multiple Choice

A mutual fund that invests only in shares of gold mining companies would be called a

• A)growth fund.
• B)small-cap fund.
• C)Canadian equity fund.
• D)sector fund.

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Definitions:

Operating Cash Flow

The cash that a business produces from its regular business activities, essential for maintaining daily operations, paying bills, and funding investments.

Depreciation Expense

A non-cash charge that reduces the value of fixed assets due to wear, tear, or obsolescence over time.

Accounting Sense

Pertains to the manner in which financial transactions are recorded and understood within the realm of accounting.

Financial Sense

Pertains to the practical and prudent management of money and financial resources to achieve set goals effectively.