Contingent Deferred Sales Charges

question 107

Multiple Choice

Contingent deferred sales charges:

• A)are applied at the time fund shares are purchased.
• B)are applied only to front-end load funds.
• C)are charged on an annual basis to cover distribution and marketing costs.
• D)are no longer permissible.
• E)can be avoided.

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Definitions:

Independent Branches

The separation of government into distinct sections, typically including the executive, legislative, and judicial branches, each with its own powers and responsibilities.

Federal Government

The national government of a federation, responsible for governing the entire country and managing issues of national interest.

Constitution

The fundamental principles or established precedents that govern a state, organization, or other entity.

Judicial Review

The power of courts to assess the constitutionality of laws or governmental actions and to override those found to be unconstitutional.