COMPREHENSIVE STUDY PAPER WITH VERIFIED
SOLUTIONS
◉Unit Holder. Answer: Individuals who contribute money to a mutual
fund and share in the profits and losses
◉Money Market Instruments. Answer: Short-term debt securities such
as Treasury bills and commercial bills
◉Professional Money Managers. Answer: Individuals who manage the
assets of a mutual fund according to policies and investment style
◉Evolution of Mutual Funds. Answer: Developed to reduce costs and
provide professional management to investors
◉Understanding Clients and Products. Answer: Important for
responsible investing and providing best client service
◉Ethical Responsibility. Answer: Placing client needs before personal
interests