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Mutual Funds Flashcards | StudBud

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Mutual Funds

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mutual fund intro

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Questions 5

Answers

1
When investing in a mutual fund, you buy ___________________ of the fund.
parts
units
certificates
shares
2
Mutual funds are advantageous because
only wealthy people can invest in them
they won't invest in stocks
they allow individual investors diversity
they always make money
3
Which is the best definition of a mutual fund?
mix of other mutual funds
mix of various bonds
mix of various stocks
mix of stocks, bonds, and other mutual funds
4
Which item is the best metaphor for a mutual fund?
a sliced banana
a justic scale
a half full glass of milk
a cut up pie
5
One disadvantage of mutual funds is
they are illegal
there are no disadvantages
the least you can invest is $5000
you must pay a fee for professional management