Which One of These Correctly Applies to Mutual Funds

question 23

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:

Nonverbal Information

The use of body language, facial expressions, gestures, posture, and eye contact to convey messages without spoken words.

Explicitly

Stated clearly and in detail, leaving no room for confusion or interpretation.

Androgynous

A blend of masculine and feminine characteristics in a person's appearance, behavior, or identity.

Masculine

Traits or characteristics culturally or socially associated with men or male behavior, including attributes like strength, assertiveness, and leadership.