A Mutual Fund That Does Not Charge a Commission to Own

question 104

Multiple Choice

A mutual fund that does not charge a commission to own its shares is called a

• A)free issue fund.
• B)market fund.
• C)no-load fund.
• D)no-charge fund.
• E)free-load fund.

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Definitions:

Comparative Balance Sheet

A financial statement that presents the financial position of a company at different points in time, side-by-side, to enable comparison.

Accounts Receivable

Debts owed by clients to a business for provided services or products yet to be paid.

Statement of Cash Flows

A financial document detailing the inflow and outflow of cash within a company, showing how changes in the balance sheet and income affect cash and cash equivalents.

Parentheses

Symbols used in writing () to include additional information or clarify something within a sentence.