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Questions and Answers
What is the purpose of a money market fund?
What is the purpose of a money market fund?
- To purchase securities
- To invest in fixed income funds (correct)
- To outperform stock market indices
- To track the performance of an index
Which country is the term 'mutual fund' typically used in?
Which country is the term 'mutual fund' typically used in?
- Australia
- China
- Germany
- United States (correct)
What are index funds?
What are index funds?
- Funds that pool money from many investors to purchase securities
- Actively managed funds that seek to outperform stock market indices
- Funds that invest in fixed income securities
- Passively managed funds that track the performance of an index (correct)
What are the primary structures of mutual funds?
What are the primary structures of mutual funds?
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What is the main difference between open-end funds and closed-end funds?
What is the main difference between open-end funds and closed-end funds?
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