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100
Funds 108:
Introduction to Mutual Fund Prospectuses
Test your knowledge
Choose wisely. There is only one correct answer to each question.
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Review your answers below to learn more.
1.
You can find information on how to contact a mutual fund by reading its introduction.
Choose wisely. There is only one correct answer.
True
False
True. The introduction includes an address and telephone numbers.
2.
The mutual fund shareholder manual explains how to open a mutual fund account.
Choose wisely. There is only one correct answer.
True
False
True. That is one of its most basic services.
3.
Transaction fees cover buying and selling costs of securities within a mutual fund.
Choose wisely. There is only one correct answer.
True
False
True. Transacting is essentially buying and selling portfolio securities.
4.
The mutual fund advisor may play additional roles besides that of advisor.
Choose wisely. There is only one correct answer.
True
False
True. It may also be the transfer agent.
5.
What does the section on the fund's objectives tell the investor?
Choose wisely. There is only one correct answer.
The fund's strategies
The fund's philosophy
What it wishes to gain for its shareholders
All of the above
All of the above. The "Objectives" section includes strategies, philosophy, and objectives.
6.
A mutual fund prospectus does all of the following except _______.
Choose wisely. There is only one correct answer.
Make recommendations
Identify who manages the fund
Describe its performance history
Explain its investment objectives
Make recommendations. Prospectuses are forbidden to advertise a fund.
Submit
DONE