Regarding Load and No-Load Mutual Funds

question 16

Multiple Choice

Regarding load and no-load mutual funds,

• A)load funds usually outperform no-load funds.
• B)no-load funds have outperformed load funds on average.
• C)the two types of funds perform about the same considering the fees.
• D)load funds require a broker, whereas no-load funds must be purchased directly.

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Definitions:

Bank Reconciliation

The procedure of ensuring the balances of a cash account in a firm's accounting books match the corresponding figures on a bank statement.

Cash Account

An account used to record cash transactions in a company's financial statements, including inflows and outflows of cash.

Organic

Referring to foods or products grown without the use of synthetic pesticides, fertilizers, genetically modified organisms, or ionizing radiation.

GMO-Free

Pertaining to products or foodstuffs that do not contain genetically modified organisms.