Assume a Mutual Fund Is a Pure No-Load Fund

question 82

Multiple Choice

Assume a mutual fund is a pure no-load fund. Which of the following costs should an investor still expect to incur?
I. contingent deferred sales charge
II. management fee
III. trading costs
IV. redemption fee

• A)I, II, and III only
• B)II and III only
• C)II, III, and IV only
• D)I, II, III, and IV
• E)none of the costs listed

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Definitions:

Consumer Goods

Goods produced for direct consumption by the end customer, as opposed to goods used in the production of other goods.

Capital Goods

Physical assets that are used in the production of other goods and services and have a life expectancy of more than one year.

Production Possibilities Curve

A graphical representation that shows the maximum number of goods or services that can be produced efficiently with limited resources.

Units of Guns

A numerical measure representing the quantity of firearms, often used in discussions or models concerning economics or policy.