Which of the Following Is True About Mutual Fund Expenses

question 12

Multiple Choice

Which of the following is true about mutual fund expenses?

• A)International equity funds often have higher MERs.
• B)The MERS of all kinds of funds are roughly the same.
• C)Management fees include all sales and administration expenses.
• D)The funds with higher MERs pay the sales people the most.

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Definitions:

Sand Grains

Small particles of minerals or rocks, typically found in beaches, deserts, and riverbeds, sized between 0.0625 to 2 millimeters.

Conglomerate

A coarse-grained sedimentary rock composed of rounded fragments within a matrix of finer-grained material, often formed in riverbeds.

Shells

Hard, protective outer layers created by animals that live in the sea.

Marine Creatures

Organisms that inhabit or depend on the ocean environment for their survival and reproduction.