What Type of Fee Is Charged with Each Purchase

question 96

Multiple Choice

What type of fee is charged with each purchase?

• A)Load fund
• B)No-load fund
• C)Front-end load
• D)Back-end load
• E)Management fee

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Definitions:

Undivided Interests

A share in a property owned by two or more parties where each has an equal right to the entire property rather than a specific portion of it.

Easement

A legal right to use another's land for a specific limited purpose without owning it.

Orally

Expressed in spoken rather than written words; pertaining to verbal communication.

Access

The ability or right to enter, approach, or use something, such as a building, information, or a service.