What Type of Fund Seeks to Aim for Safety of Principal

question 42

Multiple Choice

What type of fund seeks to aim for safety of principal and income but are subject to capital gains and losses, which have tax implications?

• A)Money market
• B)Mortgage
• C)Bond
• D)Dividend
• E)Balanced

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Definitions:

King of Spades

A playing card in the spade suit, traditionally depicted with a king holding a sword.

Independent Events

Events wherein the happening of one does not alter the chance of occurrence of the others.

Smart

Having or showing a quick-witted intelligence or being able to adapt and change responsive to the environment.

Funny

Causing laughter or amusement; humorous.