The Fee That Is Assessed as a Percent of the Net

question 56

Multiple Choice

The fee that is assessed as a percent of the net asset value of a mutual fund account annually to pay for advertising,marketing,and distribution costs of the fund is called a

• A)front-end load.
• B)12b-1 fee.
• C)management fee.
• D)contingent deferred sales charge.

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Definitions:

Circulation

The process by which blood is pumped by the heart through the vascular system, delivering oxygen and nutrients to and removing waste products from cells.

Acupuncture

A complementary medical practice that entails stimulating certain points on the body, most often with a needle penetrating the skin, to alleviate pain or to help treat various health conditions.

Popular

Well-liked by many people or regarded favorably in the public opinion.

Insurance

A contract represented by a policy in which an individual or entity receives financial protection or reimbursement against losses from an insurance company.