SEC Rule 12b-1 Allows Managers of Certain Funds to Deduct

question 82

Multiple Choice

SEC Rule 12b-1 allows managers of certain funds to deduct ________ expenses from fund assets; however, these expenses may not exceed ________ of the fund's average net assets per year.

• A) marketing; 1%
• B) marketing; 5%
• C) administrative; .5%
• D) administrative; 2%

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Definitions:

Fast Pathway

A term related to neurotransmission, describing a route through which some neural signals travel faster than others.

Cerebral Cortex

The exterior layer of the cerebrum's neural tissue, crucial for functions like memory, attention, perception, cognition, awareness, thinking, language, and consciousness.

Limbic System

A complex system of nerves and networks in the brain, involved with instinct and mood. It controls the basic emotions and drives.

Neural Pathways

Networks of neurons that transmit signals between different parts of the brain and the nervous system.