Examlex
In a production possibility frontier model, a point ________ the frontier is productively inefficient.
Mutual Funds
Funds that aggregate capital from numerous investors to acquire a varied collection of shares, bonds, or alternative financial instruments.
12b-1 Fee
A fee found in the expense ratio of some mutual funds, meant to cover marketing, distribution, and other costs.
Front-end Load
An upfront sales charge investors pay when they purchase mutual fund shares, which reduces the amount of the investment.
Back-end Load
A fee paid by investors when selling mutual fund shares, typically decreasing over time the longer shares are held, designed to discourage quick withdrawals.
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