In a Newspaper Quotation, Which of the Following Letters Would

question 94

Multiple Choice

In a newspaper quotation, which of the following letters would indicate if a mutual fund is a no load fund?

• A)N
• B)R
• C)FR
• D)B
• E)It is impossible to tell if a mutual fund is a no load fund by looking in the newspaper.

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Definitions:

Negotiable Document

A legal document guaranteeing the payment of a specific amount of money, either on demand or at a set time, which can be transferred from one holder to another.

Insolvent

The state of being unable to pay debts as they come due, or having liabilities that exceed the value of assets.

Reedy Creek

A special district in the state of Florida that essentially allows the Walt Disney World Resort to govern its land with certain municipal powers.

Incidental Damages

Compensatory amounts awarded to cover indirect losses or costs incurred due to a breach of contract.