Which One of the Following Statements Is True

question 10

Multiple Choice

Which one of the following statements is true?

• A)Most mutual funds are managed funds.
• B)How long the present fund manager has been managing the fund is irrelevant.
• C)You should ignore fees when comparing mutual funds.
• D)Managed funds are usually index funds.
• E)A team of managers is always better than a single fund manager.

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Definitions:

Customers

Individuals or entities that purchase goods or services from a company.

Government

The organization or system through which a society or community is governed, often responsible for making and enforcing laws, and providing services to its citizens.

Accrued Interest

The interest that has accumulated on a bond, loan, or other financial instrument but has not yet been paid to the lender or investor.

Loan Payment

A payment made towards a loan that may include both principal and interest components.