A Mutual Fund That Does Not Charge a Commission to Own

question 104

Multiple Choice

A mutual fund that does not charge a commission to own its shares is called a

• A)free issue fund.
• B)market fund.
• C)no-load fund.
• D)no-charge fund.
• E)free-load fund.

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Definitions:

Economic Growth

An increase in the production of goods and services in an economy over a period of time, indicated by a rise in real GDP.

Household Income

The combined gross income of all members of a household, encompassing wages, salaries, benefits, and other income streams.

Wages

Compensation provided to employees for their work, often determined based on the number of hours, days, or items produced.

Salaries

Fixed regular payments, typically paid on a monthly basis, but often expressed as an annual sum, made by an employer to an employee, especially a professional or white-collar worker.