Open-End Mutual Funds That Charge a Sales Fee When the Fund

question 67

Multiple Choice

Open-end mutual funds that charge a sales fee when the fund is initially offered to the investor are known as

• A) 12b-1.
• B) Americus trusts.
• C) Unit investment trusts.
• D) Load funds.
• E) Contingency funds.

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Definitions:

Ethical Standards

Principles that guide behaviors and decisions based on what is morally right and fair, typically defined by professional organizations.

Lesbianism

The sexual and romantic attraction between female individuals.

Reciprocal Response

A mutual or corresponding reaction between parties, reflecting interdependence and the influence one's actions have on another's responses.

African American

Pertaining to Americans of African descent and their cultural heritage, history, and contributions.