Understanding Mutual Funds

Understanding Mutual Funds

Assessment

Flashcard

Business

12th Grade

Practice Problem

Easy

Created by

Wayground Content

Used 1+ times

FREE Resource

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20 questions

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1.

FLASHCARD QUESTION

Front

What is a mutual fund?

Back

A financial vehicle that pools assets to invest in securities.

2.

FLASHCARD QUESTION

Front

Who manages a mutual fund?

Back

A professional money manager

3.

FLASHCARD QUESTION

Front

What is the primary legal obligation of a mutual fund's fund manager?

Back

To work in the best interest of shareholders

4.

FLASHCARD QUESTION

Front

How do mutual fund investors typically earn a return?

Back

Through dividends on stocks and interest on bonds

5.

FLASHCARD QUESTION

Front

What types of securities might a mutual fund invest in?

Back

Stocks, bonds, and other assets

6.

FLASHCARD QUESTION

Front

What is a key advantage of investing in mutual funds?

Back

Access to professionally managed portfolios

7.

FLASHCARD QUESTION

Front

Which type of mutual fund focuses on investments that pay a set rate of return? Options: Index funds, Fixed-income funds, Money market funds, Stock funds

Back

Fixed-income funds

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