Roberta Cartwright Puts Money Each Month into a Mutual Fund

Multiple Choice

Roberta Cartwright puts money each month into a mutual fund that has very few controls;in that,the managers can invest in whatever they want because this type of fund is not regulated by the SEC.Roberta has a(n) ________ fund.

A) open-end
B) closed-end
C) hedge
D) no-load
E) back-end load