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Mutual Funds Quiz: Characteristics, Functions, and Concepts

4 Questions

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Mutual Funds Quiz: Characteristics, Functions, and Concepts

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Questions and Answers

Which of the following best describes the characteristics of mutual funds?

Low risk and low liquidity

Low risk and high liquidity

High risk and low liquidity (correct)

Highly volatile and low liquidity

What is the primary function of a mutual fund manager?

To actively manage the fund's portfolio (correct)

To ensure maximum tax benefits for investors

To provide insurance against losses

To guarantee fixed returns on investment

Which of the following accurately represents the concept of 'net asset value' (NAV) in mutual funds?

It reflects the price per share of the fund (correct)

It indicates the fund's total expenses and fees

It signifies the market value of the fund's investments

It represents the total assets under management by the fund

What is a 'load' in the context of mutual funds?

<p>A fee charged when purchasing or selling fund shares</p> Signup and view all the answers

Study Notes

Which of the following best describes the characteristics of mutual funds? What is the primary function of a mutual fund manager? Which of the following accurately represents the concept of 'net asset value' (NAV) in mutual funds? What is a 'load' in the context of mutual funds?