In 1998, the SEC Required That Portions of Mutual Fund

question 100

True/False

In 1998, the SEC required that portions of mutual fund prospectuses must be written in easily understood "plain" English.

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Definitions:

Successive Cohort

Groups of individuals born in consecutive chronological segments, often studied to observe changes over time in a particular population.

Spatial Orientation

The ability to recognize and navigate the position and direction of oneself and objects in space.

Verbal Memory

The ability to remember and recall words and other verbal items; a component of cognitive functioning related to the processing and use of language.

Inductive Reasoning

A logical process in which multiple premises, all believed true, are combined to obtain a specific conclusion.