Which of the Following Statements Regarding Mutual Funds Is True

question 60

Multiple Choice

Which of the following statements regarding mutual funds is true?

• A)Higher-performing funds generally have higher expenses.
• B)Stock funds generally have higher expenses than bond funds.
• C)Index funds generally have higher expenses than non-index funds.
• D)Lower performing funds generally have higher expenses.

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Definitions:

Qualifications

The skills, knowledge, and experiences that make an individual suitable for a specific job or activity.

Approval Process

A systematic procedure followed by organizations to validate and authorize proposals, projects, or transactions before implementation.

Reverse Mortgage

A type of loan that allows homeowners, over the age of 62, to convert some of the equity in their home into cash while retaining ownership of their home.

Loan Repaid

The process of paying back borrowed money to the lender, typically including both the principal amount and any accrued interest.