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Question
No-load mutual funds compensate investment managers and salespeople bya. charging a small fee for each purchase/sale.
b. charging a fee based on the performance of the fund.
c. charging a fee based on the value of the fund's assets.
d. charging brokers a fee to sell the shares.
Answer
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Related questions
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In recent years, know-your-clients (KYC) is required by international financial regulators. In the U.S., what is the act that requires financial institutions to share information about customer identities with appropriate government agencies?
a. The USA Patriot Act
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d. The U.S. Treasury Department Act
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Financial institutions are regulated for the following reason(s):
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Bank capital is the most reliable cushion that prevents a decline in asset values from threatening the integrity of bank deposits.
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Bailout of large banks by federal regulators is an example of market discipline.
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Banks are regulated in part to protect the nation's money supply, much of which is a liability of the banking industry.
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A "too big to fail" policy encourages small banks to take higher risks.
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The Office of the Comptroller of the Currency (OCC) is the oldest bank regulatory agency.
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A foreign branch office of a U.S. bank is regulated by
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All of the following are techniques reducing credit risk in international lending except
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Which of the following is associated with the currency risk of international lending by a U.S. bank?
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Mutual fund managers can keep their cash balances low by all but one of the following:
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