Management fees for mutual funds are:
A. fixed by regulation but can vary by the size of the fund.
B. usually a percentage of the return achieved by fund managers.
C. fixed by regulation.
D. different across funds and can significantly impact the return to an investor.
Answer: D
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Portfolio investment can generally travel across borders _________ foreign direct investment can.
A. not as quickly as B. just as quickly as C. more quickly than D. None of these statements is true.
The international bond market is much larger and more lucrative than the domestic bond market.
a. true b. false
Wealth can be thought of as:
A. The sum of all assets you have at any one point in time. B. The sum of all assets and any expected future assets. C. The sum total of all assets less any debts. D. The income that you have earned that year.
If a firm wants to increase revenue, it should decrease the selling price of its product if it is currently producing in the ________ portion of its demand curve.
A. perfectly inelastic B. inelastic C. elastic D. unit elastic