The Commission Charge for Purchasing Shares of a Load Fund

question 36

Multiple Choice

The commission charge for purchasing shares of a load fund that imposes an up-front commission charge can be as high as 8.5 percent. This fee:

• A) is sometimes referred to as the sales fee
• B) is paid every time investors buy (front-end load)
• C) is paid every time investors sell (back-end load)
• D) A and B are correct
• E) A, B and C are correct

---

Definitions:

Implicit Memory

Memory that is not deliberate or conscious but exhibits evidence of prior experience.

Nonamnesic Participants

Individuals involved in a study who do not suffer from amnesia, allowing researchers to compare their cognitive performance to those with memory impairments.

Cramming

The practice of intensively studying or memorizing information in a short period, usually immediately before an examination.

Spacing Effect

A phenomenon in which learning is enhanced when study sessions are spaced out over time rather than crammed in a short period.