A _________________ Mutual Fund Is a Fund in Which the Companies

question 45

Multiple Choice

A _________________ mutual fund is a fund in which the companies market their funds online (no sales force or financial planners) and do not charge a fee.

• A) Front-end load
• B) Back-end load
• C) No load
• D) Exclusive

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Definitions:

Market Rate

The prevailing interest rate available in the marketplace for securities or loans.

Journal Entry

A record in the accounting ledger that represents a transaction, including both the debit and credit side to maintain the accounting equation.

Bonds Payable

Bonds payable refers to the amount of money a company owes to bondholders and is recorded as a long-term liability on the company's balance sheet.

Straight-Line Method

An approach to depreciation that divides the cost of an asset evenly over its expected lifespan, resulting in the same depreciation expense annually.