Personal Finance Ch. 13-14 Test Review Questions And Answers 2025 Updated.

Pooled diversification - Answer strength of mutual fund being able to invest in a variety of assets. usually, this variety cannot be attained by an individual investor. load funds - Answer type of mutual fund that contains either a front-end commission charge or a back-end redemption charge no-load funds - Answer mutual fund that does not include loans 12(B)-1 fees - Answer fees to recover marketing costs management fee - Answer fee paid to management and investment team for their services open ended fund - Answer fund that'll continue to sell shares indefinitely, always buy the shares back, must keep cash on hand to meet redemptions closed end fund - Answer fund who no longer sells open membership, shares sold on secondary market share price - Answer assets/# of shares socially responsible fund - Answer fund that focuses primarily on companies that meet a certain moral filter reit - Answer real-estate investment trust, way to invest in real estate without the hazards of personal property ownership mutual fund - Answer investors purchase shares in a fund. fund invests the assets into various securities. securities returned to investors. share the price of fund increased or decreases based on performance. organization of fund - Answer management corporation, investment advisor, distributor, custodian, transfer agent ETFs - Answer exchange traded fund