Mutual Fund Investment Test

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Which of the following characterize a "no-load" mutual fund

Correct! Wrong!

Which of the following aspects of investing in a mutual fund is a drawback:

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A mutual fund or ETF that attempts to mimic the performance of a market index is known as an index fund. A low-cost, tax-efficient, and diversified option to invest in equities is through index funds.

Correct! Wrong!

A mutual fund is a company that pools money from many investors and invests the money in securities such as stocks, bonds, and short-term debt. Which is NOT a reason an individual might invest in a mutual fund?

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Mutual fund share classes (Class A, Class B, Class C, etc.) differ primarily in that they:

Correct! Wrong!

The following similarities between mutual funds and ETFs EXCEPT:

Correct! Wrong!

The same laws and standards that apply to mutual funds also apply to hedge funds.

Correct! Wrong!

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