Noelle Simon Is Buying Shares in a Mutual Fund That

question 93

Multiple Choice

Noelle Simon is buying shares in a mutual fund that only invests in companies located in Latin America.What type of mutual fund is this?

• A)aggressive growth fund
• B)equity income fund
• C)global fund
• D)international fund
• E)regional fund

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Definitions:

Progressive

Pertains to political and social movements that aim for reforms and advancements by advocating for changes in economic, social, and political structures.

Taxable Income

The portion of an individual's or a company's income used to determine how much tax they owe to the government in a given tax year.

Average Tax Rate

The portion of total income that is paid as tax, calculated by dividing the total amount of taxes paid by the taxpayer's total income.

Marginal Tax Rate

The rate at which the last dollar of income is taxed, indicating the percentage of tax applied to your income for each tax bracket in which you qualify.