One Year Ago,you Invested $7,000 in the No-Load Triple a Money

question 15

Multiple Choice

One year ago,you invested $7,000 in the no-load Triple A Money Market Fund.You have neither added to this account nor received any funds from this account since that time.The fund earned a 5.2 percent rate of return for the past year.How many shares of this fund do you currently own?

• A) 750.00
• B) 796.50
• C) 7,000.00
• D) 7,364.00
• E) 7,965.00

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Definitions:

Not-For-Profit Cooperative

An organization owned and operated by its members with the primary goal of meeting their needs and aspirations without seeking to make a profit.

Credit Union

A member-owned financial cooperative, democratically controlled by its members, and operated for the purpose of promoting thrift, providing credit at competitive rates, and offering other financial services to its members.

Credit Unions

Not-for-profit financial cooperatives that offer banking services, loans, and credit to members with common affiliations.

Central Bank

A national bank that provides financial and banking services for its country's government and commercial banking system, as well as implementing the government's monetary policy and issuing currency.