Melanie Davis Is Getting Ready to Purchase Shares in a Mutual

question 40

Multiple Choice

Melanie Davis is getting ready to purchase shares in a mutual fund.The fund will charge her a sales charge only if she redeems her shares within a stated period of time.What type of shares is she buying?

• A)class A
• B)class B
• C)class C
• D)either class A or B
• E)either class B or C

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Definitions:

Yen Appreciates

An increase in the value of the Japanese yen in comparison to another currency in the foreign exchange markets.

Net Exports

The value of a country's total exports minus its total imports, representing the external demand for a nation’s goods and services.

Positive Entry

The introduction of new firms into a market in response to observed profits, leading to increased competition.

Goods Imports

The action or process of bringing goods and services from foreign countries into a domestic market for consumption or use.