Multiple Choice
Which of the following is true regarding equity mutual funds? I) They invest primarily in stock.II) They may hold fixed-income securities, as well as stock.III) Most hold money market securities, as well as stock.IV) Two types of equity funds are income funds and growth funds.
A) I and IV
B) I, III, and IV
C) I, II, and IV
D) I, II, and III
E) I, II, III, and IV
Correct Answer:
Verified
Correct Answer:
Verified
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