Which One of the Following Is NOT Included in the Fee

question 90

Multiple Choice

Which one of the following is NOT included in the fee table found in a mutual fund prospectus?

• A)12b-1 fee
• B)turnover rate
• C)redemption fee percentage
• D)management fee
• E)front-end load

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Definitions:

Impairment Loss

The amount by which the carrying value of an asset exceeds its recoverable value, necessitating a write-down of the asset’s value on the balance sheet.

IFRS

International Financial Reporting Standards, which are a set of accounting rules used globally to prepare and present financial statements.

Foreign Currency Transaction

A business operation involving the exchange of currencies from two different countries.

Spot Rate

The current market price at which a particular currency can be bought or sold for immediate delivery.