Mutual Funds Quiz
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Questions and Answers

Which type of mutual fund seeks to outperform stock market indices but generally charges higher fees?

  • Open-end funds
  • Index funds (correct)
  • Closed-end funds
  • Money market funds
  • What are the primary structures of mutual funds?

  • Money market funds, bond funds, and stock funds
  • Closed-end funds, open-end funds, and index funds (correct)
  • Index funds, open-end funds, and unit investment trusts
  • SICAV, OEIC, and open-end funds
  • In which countries is the term 'mutual fund' typically used?

  • United States, Canada, and Australia
  • United Kingdom, Canada, and India
  • United States, Canada, and India (correct)
  • United States, Mexico, and India
  • What do index funds track the performance of?

    <p>A stock market index or bond market index</p> Signup and view all the answers

    What are the advantages of mutual funds?

    <p>Economies of scale, diversification, liquidity, and professional management</p> Signup and view all the answers

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