Another Name for a Mutual Fund That Charges a Contingent

question 120

Multiple Choice

Another name for a mutual fund that charges a contingent deferred sales load is a(n) ____________ fund.

• A)bare bones
• B)end state
• C)bare back
• D)back-end
• E)pay later

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Definitions:

Inventory Value

The total cost or market value of all the goods and materials held by a company intended for sale.

Cash Position

The total amount of liquid assets or cash available to an individual, company, or institution at a given moment.

Demand Deposits

Demand Deposits are bank account funds that can be withdrawn at any time without any advance notice to the institution, such as checking accounts.

Forex

The market in which currencies are traded. It is the largest and most liquid financial market in the world.