Most Mutual Funds Are

question 63

Multiple Choice

Most mutual funds are

• A)no-load funds.
• B)load funds.
• C)large-load funds.
• D)small-load funds.

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Definitions:

Inferior Goods

Goods whose demand decreases when consumers' incomes increase, opposite to normal goods.

Substitute Goods

Products or services that can be used in place of each other, where an increase in the price of one leads to an increase in demand for the other.

Income

The financial gain earned or received over a period of time, typically through employment, investments, or business operations.

Flow Measure

A term used in economics to describe a quantity measured over a specified period of time, such as income per month or spending per year.