Which of the Following Funds Would Be the Most Appropriate

question 16

Multiple Choice

Which of the following funds would be the most appropriate investment for the average small investor?

• A)No-load open-end fund
• B)No-load closed-end fund
• C)Front-end load fund
• D)Back-end load fund

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Definitions:

State Medicaid

A state-managed program that provides health coverage to eligible low-income adults, children, pregnant women, elderly adults, and people with disabilities.

Federal Medicare

A U.S. government health insurance program for people who are 65 years or older, and for some younger people with disabilities.

Managed Care Program

A healthcare delivery system aimed at managing cost, quality, and utilization of services by providing comprehensive care through a network of providers.

Diagnosis-Related Group (DRG)

A system to classify hospital cases into groups for the purposes of payment and evaluation.