Test your knowledge

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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. The introduction includes an address and telephone numbers.
2.
The mutual fund shareholder manual explains how to open a mutual fund account.
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True. That is one of its most basic services.
3.
Transaction fees cover buying and selling costs of securities within a mutual fund.
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True. Transacting is essentially buying and selling portfolio securities.
4.
The mutual fund advisor may play additional roles besides that of advisor.
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True. It may also be the transfer agent.
5.
What does the section on the fund's objectives tell the investor?
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All of the above. The "Objectives" section includes strategies, philosophy, and objectives.
6.
A mutual fund prospectus does all of the following except _______.
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Make recommendations. Prospectuses are forbidden to advertise a fund.