In General, It Is Prudent to Purchase a No-Load Fund

question 46

True/False

In general, it is prudent to purchase a no-load fund instead of a load fund.

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Definitions:

Direct Approach

A method of presentation in cash flow statements where actual cash flow information from operating activities is presented directly.

Inventory

Materials and products that a business holds for the ultimate purpose of resale.

Investment Account

An account held at a financial institution or brokerage which is used for the buying of investments such as stocks, bonds, and mutual funds.

Book Value

The net value of a company's assets minus its liabilities, as recorded on the balance sheet.