Chapter 14-15 Test

Front

Which of the following refers to ​​the market price for a share of a mutual fund? net asset value, load, balanced fund, prospectus

Back

net asset value

Front

Which of the following refers to ​​the sales fee charged for buying or selling mutual funds? Options: net asset value, load, balanced fund, prospectus

Back

load

Front

Which of the following refers to ​​a mutual fund that seeks both growth and income but attempts to minimize risk by investing in a mixture of stocks and bonds rather than stocks alone? Options: net asset value, load, balanced fund, prospectus

Back

balanced fund

Front

Which of the following refers to ​​the legal document that offers securities or mutual fund shares for sale? net asset value, load, balanced fund, prospectus

Back

prospectus

Front

Which of the following refers to land and the buildings on it? Options: real estate, mortgage, depreciation, condominium

Back

real estate

Front

Which of the following refers to ​a loan to purchase real estate? Options: real estate, mortgage, depreciation, condominium

Back

mortgage

Front

Which of the following refers to ​​the decline in the value of property due to normal wear and tear? Options: real estate, mortgage, depreciation, condominium

Back

depreciation

Front

Which of the following refers to ​an individually owned unit in an apartment­-style complex with shared ownership of common areas: real estate, mortgage, depreciation, condominium?

Back

condominium

Front

A mutual fund whose investment goal is to buy stocks that will increase in value over time

Back

growth fund

Front

Real estate investment where the investor holds legal title to the property

Back

direct investment