The Anderson Balanced Mutual Fund Charges a Sales Load of 4.85

question 35

Multiple Choice

The Anderson Balanced mutual fund charges a sales load of 4.85%. If you invest $15,000, how much must you pay in commissions?

• A) $4.85
• B) $485.00
• C) $600.00
• D) $727.50
• E) $750.00

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Definitions:

Explicit Memory

The type of memory that involves conscious recollection of previous experiences and information.

Elaborative Rehearsal

A method of memory consolidation that involves associating new information with already known information.

Maintenance Rehearsal

A process of repeatedly verbalizing or thinking about a piece of information to keep it in short-term memory longer than the usual 20-second duration.

Levels of Processing

A theory in cognitive psychology that proposes that deeper levels of analysis produce more enduring memory encoding than shallow levels of analysis.