A Higher Turnover Ratio for a Mutual Fund Can Result

question 33

True/False

A higher turnover ratio for a mutual fund can result in higher income tax bills.

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Definitions:

Kudzu

A fast-growing, invasive vine native to Asia, known for its capability to cover and smother other plants and structures.

Opossum Shrimp

A small crustacean that is part of the order Mysida, serving as an important part of freshwater and marine ecosystems as a source of food for larger animals.

Fossil Fuels

Natural fuels such as coal, oil, and natural gas formed from the decomposed remains of ancient plants and animals.

Greenhouse Gases

Gases in Earth's atmosphere, such as carbon dioxide, methane, and water vapor, that trap heat and contribute to global warming.