Managed Funds

question 41

Multiple Choice

Managed funds

• A)typically have a higher rate of return and higher costs than index funds.
• B)typically have a higher rate of return and lower costs than index funds.
• C)typically have a lower rate of return and higher costs than index funds.
• D)typically have a lower rate of return and lower costs than index funds.

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Definitions:

Impossibility

A doctrine under which a party to a contract is relieved of his or her duty to perform when that performance has become impossible because of the occurrence of an event unforeseen at the time of contracting.

Express Condition

A clearly stated, specific requirement within a contract that must be met for the contract's promises to be enforceable.

Rose Bowl

A historic American annual college football bowl game played in Pasadena, California.

Breaches of Contract

Failures to fulfill the terms agreed upon in a contract, leading to legal disputes and remedies.