A Mutual Fund Pools Money from Many Customers and Invests

question 230

Multiple Choice

A mutual fund pools money from many customers and invests the money in many firms. The fees charged by fund managers are:

• A) lower in bond funds.
• B) higher in passive funds.
• C) lower in passive funds.
• D) higher in bond funds.

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Definitions:

NLRA

The National Labor Relations Act, a foundational statute in United States labor law that protects the rights of employees to organize, bargain collectively, and engage in concerted activities.

Penalties

Sanctions or fines imposed for violating laws or regulations.

Wage Increase

An upward adjustment in employees' salaries or wages, often achieved through negotiation or as a response to inflation.

Authorization Card

A document signed by employees to indicate their support for a union to represent them in collective bargaining with their employer.