Which Refers to a Mutual Fund for Which Its Manager

question 96

Multiple Choice

Which refers to a mutual fund for which its manager buys and sells stocks regularly in order to maximize the fund's returns?

• A) liquid fund
• B) efficient market fund
• C) active fund
• D) passive fund

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Definitions:

Employees' Contribution

Monies that employees contribute from their salaries towards benefits, retirement plans, or taxes.

Retirement Fund

A financial arrangement designed to replace employment income upon retirement, often composed of contributions from employees, employers, or both.

Employee Earnings

The total compensation an employee receives, including wages, salaries, bonuses, and other forms of payment, before any deductions.

W-3 Form

An IRS tax form used in the United States to transmit a summary of all W-2 forms issued by an employer to the Social Security Administration.