When One Investment Company Manages a Group of Mutual Funds

question 16

Multiple Choice

When one investment company manages a group of mutual funds, it is called a(n) :

• A) family of funds.
• B) exchange fund.
• C) diversification fund.
• D) versatility fund.
• E) asset allocation fund.

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Definitions:

Unionized

Referring to workers or an industry segment that is organized into a union, which negotiates wages, work conditions, and other employment terms on behalf of its members.

Excess Supply

The situation in a market where the quantity of a good or service offered by producers exceeds the quantity demanded by consumers at the prevailing price.

Union Shop

A workplace where all employees must become members of a labor union within a specified period after being hired.

Negotiates

The process by which parties come together to discuss, bargain, and reach a mutually acceptable agreement.