Which One of These Correctly Applies to Mutual Funds

question 99

Multiple Choice

Which one of these correctly applies to mutual funds?

• A)mutual funds are a costly means of achieving portfolio diversification.
• B)funds are required to limit their annual fees and expenses to less than 1 percent of the portfolio value.
• C)you can generally buy additional shares in the fund at any time.
• D)shareholders sell their shares to other shareholders.

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Definitions:

Everyday Activities

Routine actions and behaviors that individuals engage in on a daily basis, encompassing both mundane tasks and leisurely pursuits.

Disabilities

Physical or mental conditions that limit a person’s movements, senses, or activities, affecting their daily life and sometimes requiring special accommodations or interventions.

People First Philosophy

An approach that focuses on the individual and his or her abilities rather than limitations.

Handicapped

A term traditionally used to describe a person having a physical or mental condition that limits movements, senses, or activities, though “disabled” is now more commonly used to avoid offensive connotations.