If You Bought a Back-End Load Mutual Fund Which Had

question 14

True/False

If you bought a back-end load mutual fund which had a six-year declining redemption schedule,and held the fund for seven years,you would pay only a minimal load fee.

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Definitions:

Overdue Accounts

Financial accounts or receivables that have not been paid by the due date.

Receivables

Amounts owed to a company by its customers for goods or services provided on credit.

Net Float

The difference between checks written against a bank account and those that have been deposited but not yet cleared, affecting the balance.

Chequing Account

A bank account allowing the account holder to withdraw funds, write checks, and use electronic debit to access funds.