Question 1

A closed-end mutual fund _________________.

Accepted Answer

A)  Allows investors to add new money at any time 
B)  Has a fixed number of shares 
C)  Is priced based on the return of a one-year Treasury bill 
D)  Has no commission 
A)  Allows investors to add new money at any time 
B)  Has a fixed number of shares 
C)  Is priced based on the return of a one-year Treasury bill 
D)  Has no commission

Question 2

The turnover rate is the _________________.

Accepted Answer

A)  Percentage of fund managers turned over each year 
B)  Percentage of securities bought and sold every year 
C)  Percentage of dividends paid each year 
D)  Percentage of funds that showed a profit in the past year 
A)  Percentage of fund managers turned over each year 
B)  Percentage of securities bought and sold every year 
C)  Percentage of dividends paid each year 
D)  Percentage of funds that showed a profit in the past year

Question 3

Mutual funds are first categorized into _________________ funds.

Accepted Answer

A)  Open and closed 
B)  Load and no-load 
C)  Profitable and unprofitable 
D)  Mutual and exclusive 
A)  Open and closed 
B)  Load and no-load 
C)  Profitable and unprofitable 
D)  Mutual and exclusive

Question 4

A contract(s)in which the seller of a security agrees to buy back the security at a specified time and for a specified price is called:

Accepted Answer

A)  Commercial paper 
B)  Commercial agreements 
C)  Repurchase agreements 
D)  Repurchase paper 
A)  Commercial paper 
B)  Commercial agreements 
C)  Repurchase agreements 
D)  Repurchase paper

A closed-end mutual fund _________________.

The turnover rate is the _________________.

Mutual funds are first categorized into _________________ funds.

A contract(s)in which the seller of a security agrees to buy back the security at a specified time and for a specified price is called:

Money Matters: Values, Vision, Mission, and You

Time Value of Money

Planning and Budgeting

Financial Instruments and Institutions

Consumer Credit: Credit Cards and Student Loans

Credit Bureau Reports and Identity Theft

Auto and Home Loans

Debt, Foreclosure, and Bankruptcy

Tax Management

Insurance: Covering Your Assets

Investment Basics

Stocks

Bonds

Real Estate Investments

Retirement and Estate Planning

Financial Planning for Life

Filters

Exam 12: Mutual Funds

A closed-end mutual fund _________________.

The turnover rate is the _________________.

Mutual funds are first categorized into _________________ funds.

A contract(s)in which the seller of a security agrees to buy back the security at a specified time and for a specified price is called:

Money Matters: Values, Vision, Mission, and You

Time Value of Money

Planning and Budgeting

Financial Instruments and Institutions

Consumer Credit: Credit Cards and Student Loans

Credit Bureau Reports and Identity Theft

Auto and Home Loans

Debt, Foreclosure, and Bankruptcy

Tax Management

Insurance: Covering Your Assets

Investment Basics

Stocks

Bonds

Real Estate Investments

Retirement and Estate Planning

Financial Planning for Life

Filters