In: Economics
MULTIPLE CHOICE Question 7
All of the following are typically characteristics of an
exchange-traded fund EXCEPT:...
MULTIPLE CHOICE Question 7
All of the following are typically characteristics of an
exchange-traded fund EXCEPT:
|
Have low or no minimum investment amount |
|
Are traded on securities exchanges or over-the-counter
markets |
|
Appeal to investors because of their relatively low costs |
|
Typically designed to reflect market indexes |
Question 8
What is the name of the type of mutual fund that invests in
certificates of deposit, government securities, and other very safe
and liquid assets? This type of mutual fund is low risk and low
return.
Question 9
Shares of mutual funds come in different classes, depending on
how and when sales charges are incurred. Which of the following
share classes tends to impose the highest front-load, that is,
commission charged when the shares are purchase?