A Mutual Fund That Invests in Common Stocks of Rapidly

question 39

Multiple Choice

A mutual fund that invests in common stocks of rapidly growing corporations with higher-than-average revenue and earnings growth is called a(n) ____________ fund.

• A) balanced
• B) growth
• C) industry
• D) income
• E) money market

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Definitions:

Indemnity

A legal principle involving security or protection against financial liability or loss.

False Statements

Deliberately untrue assertions made by someone, which can sometimes be a legal offence if made in certain contexts.

Incontestability Clause

A provision in an insurance policy that makes the policy non-contestable after it has been in force for a certain period, usually two years, except under certain conditions.

Arbitration Clause

A provision in a contract that requires disputes to be resolved through arbitration rather than court litigation.