A Mutual Fund in Which No Sales Charge Is Paid

question 122

Multiple Choice

A mutual fund in which no sales charge is paid by the individual investor is called a(n) ____________ fund.

• A)closed-end
• B)open-end
• C)no-load
• D)unloaded
• E)net asset value fund

---

Definitions:

Confidential Information

Sensitive data that is protected from unauthorized access and not disclosed to the public.

Cash Flows

The entire volume of cash transactions happening within a business, notably affecting its financial flexibility.

Accurate Accounting

The practice of precisely recording, summarizing, and reporting financial transactions.

Accruals

Accounting practices that record revenues and expenses when they are incurred, regardless of when cash is exchanged.