The Least Liquid of All the Types of Mutual Funds

question 45

Multiple Choice

The least liquid of all the types of mutual funds is __________________

• A)a balanced asset allocation fund
• B)a money market fund
• C)an equity or common stock fund
• D)a real estate mutual fund
• E)an ethical fund

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Definitions:

Cash Payments

Transactions that involve the transfer of currency or check from one party to another as a form of payment.

Cash Flows

The net amount of cash and cash-equivalents being transferred into and out of a business.

Income Statement

A financial report that shows a company's revenues, expenses, and profits over a specific period, highlighting operational efficiency.

Contributed Capital

The total value of the cash and other assets received by a company from its shareholders in exchange for shares of stock.