A Restriction Placed on the Amount of a Product Allowed

question 246

Multiple Choice

A restriction placed on the amount of a product allowed to enter or leave a country is referred to as a(n)

• A)quota.
• B)tariff.
• C)WTO tax.
• D)subsidy.
• E)excise tax.

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Definitions:

Mutual Fund

An investment vehicle that pools money from multiple investors to buy a diversified portfolio of stocks, bonds, or other securities.

No-load Mutual Fund

A mutual fund that does not charge any type of sales load or commission to investors.

Expense Ratio

Expense Ratio is the annual fee that mutual funds, exchange-traded funds (ETFs), and other pooled investment products charge their shareholders, expressed as a percentage of assets under management.

Rate of Return

The profit or deficit experienced from an investment, represented as a percentage of the investment's starting price.