If Rebecca's Mutual Fund Has a Sales Charge Schedule Saying

question 57

Multiple Choice

If Rebecca's mutual fund has a sales charge schedule saying that if the fund is sold within the first year, the sales charge is 6 percent and if it is sold in the third year, the sales charge becomes 4.5 percent, Rebecca's mutual fund has a

• A)low load.
• B)discount-fee.
• C)broker commission.
• D)deferred sales charge.

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Definitions:

Southern Slavery

The institution of forced labor and servitude that existed in the Southern United States until the end of the Civil War in 1865, where African Americans were held as slaves.

Historian

A professional or expert in history who studies and writes about the past, analyzing historical documents and sources.

Evidence

Information, facts, or data presented in support of an assertion, argument, or as proof in legal proceedings.

Dorr War

A short-lived armed insurrection in Rhode Island during 1842, sparked by demands for broader voting rights and political reforms.