Secondarily,mutual Funds Are Categorized into _________________ Funds

question 33

Multiple Choice

Secondarily,mutual funds are categorized into _________________ funds.

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

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Definitions:

Perpetual Inventory System

An accounting method that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.

FIFO Method

An inventory valuation method where the first goods purchased are the first ones to be sold, "First In, First Out".

Days In Inventory

Days in inventory is a financial metric indicating how long it takes for a company to turn its inventory into sales.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period.