Mutual Funds Are First Categorized into _________________ Funds

question 63

Multiple Choice

Mutual funds are first categorized into _________________ funds.

• A) Open and closed
• B) Load and no-load
• C) Profitable and unprofitable
• D) Mutual and exclusive

---

Definitions:

Teleological

Pertaining to teleology, the philosophical study of design and purpose, especially as related to the ethical and moral implications of actions and outcomes.

Deontological

An ethical theory based on the principle that the morality of an action should be based on whether that action itself is right or wrong under a series of rules, rather than based on the consequences of the action.

Freedom Of Information Act

A U.S. law that grants public access to records held by federal agencies, aiming to ensure government transparency.

Public Access

The ability of the general public to access certain physical or digital areas, documents, or services, often pertaining to government information or media broadcasting.