A Mutual Fund That Invests Only in Shares of Gold

question 59

Multiple Choice

A mutual fund that invests only in shares of gold mining companies would be called a

• A)growth fund.
• B)small-cap fund.
• C)Canadian equity fund.
• D)sector fund.

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Definitions:

Sales Puffery

Exaggerated or promotional statements made by sellers that are not meant to be taken literally and do not constitute legally binding promises.

Express Warranty

A promise or guarantee made by a seller about the condition, quality, or performance of a product.

'64 Mustang

A classic American car model introduced by Ford in 1964, known for its performance and style, marking the creation of the "pony car" class.

Full Warranty

A comprehensive guarantee that promises to repair or replace a defective product within a specified time frame without any cost to the consumer.