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WorksheetsPersonal Finance-Chapter 14-Mutual Funds
Total questions: 12
Worksheet time: 6mins
Name
Class
Date
1.
Investment companies do not charge management fees.
a)
True
b)
False
2.
Most mutual fund companies offer several different types of funds.
a)
True
b)
False
3.
With mutual funds, you must make a large initial payment of $10,000 or more, together with monthly payments of $500 or more.
a)
True
b)
False
4.
Growth funds are usually considered safe and pay regular fixed dividends.
a)
True
b)
False
5.
Bond funds are considered high-yield funds when they invest primarily in lower-rated junk bonds.
a)
True
b)
False
6.
Index funds hold stocks and bonds that react in the same way as the stock or bond markets as a whole.
a)
True
b)
False
7.
Investment companies are not obligated to provide a prospectus for each fund offered.
a)
True
b)
False
8.
A no-load fund charges a sales commission.
a)
True
b)
False
9.
The internet is a good place to find information on mutual funds.
a)
True
b)
False
10.
What fund attempts to reduce risk while maintaining income and growth?
a)
growth fund
b)
income fund
c)
bond fund
d)
balanced fund
11.
What fund invests in short-term securities to preserve liquidity?
a)
money market
b)
index
c)
global
d)
balanced
12.
What fund charges a commission when you sell your shares?
a)
front-end load
b)
back-end load
c)
no-load
d)
12b-1 fee
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