A mutual fund for which a fee is paid at the time of purchase is a:
a. no-load fund.
b. face-end load fund.
c. back-end load fund.
d. fixed-end fund.
e. front-end load fund.
e
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You're deciding whether to install an $800 moonroof and a $400 security system in your car. Suppose the marginal benefit from the moonroof is $700 and the marginal benefit from the security system is $600. The economic decision rule dictates that you should:
A. purchase both options because the combined cost of both is less than the combined benefit. B. not purchase either because the benefits of each do not exceed the costs. C. purchase only the security system because its marginal benefit exceeds its marginal cost. D. purchase only the moonroof because that will provide you with the greatest marginal benefit.
As a result of a quota, both consumers' surplus and producers' surplus fall
Indicate whether the statement is true or false
Which statement most accurately captures the state of money today?
A) Money today includes currency, bank deposits and checks. B) Money today includes currency and checks but not bank deposits. C) Money today includes bank deposits and currency but not checks. D) Money today includes bank deposits and checks but not currency. E) Money today includes checks and credit cards.
One reason De Beers has lost some of its monopoly power is:
A. antitrust laws B. competition from Canadian and Russian diamond mines. C. pressure from consumers. D. All of these statements are true.