7) Which of the following is likely to offer a brokerage account? A) Federal Reserve B) Federal Deposit Insurance Corporation C) Fidelity Investments D) Commonwealth Bank Answer: C Difficulty: Easy Analytical Thinking Brokerage Accounts 8) Mutual funds charge an annual fee, which is usually referred to as the . A) expense ratio B) reserve ratio C) coupon payment D) dividend Answer: A Difficulty: Easy Analytical Thinking Topic: Mutual Funds 9) A typical annual expense ratio is of the value of the assets in the mutual fund. A) 1% B) 5% C) 10% D) 20% Answer: A Difficulty: Easy AACSB: Analytical Thinking Topic: Mutual Funds 10) The expense of a mutual fund is usually reported on the . A) mutual fundʹs prospectus B) investorʹs passbook C) annual statement of the mutual fund D) quarterly statements of the mutual fund Answer: A Difficulty: Easy Analytical Thinking Topic: Mutual Funds 11) The fee that a mutual fund charges is usually proportional to the . A) number of investors who invest in the fund B) current prices of the assets that the investor has C) incomes of the investors who invest in the fund D) amount of assets that the investor has in the mutual fund Answer: D Difficulty: Easy AACSB: Analytical Thinking Mutual Funds
7) Which of the following is likely to offer a brokerage account? A) Federal Reserve B) Federal Deposit Insurance Corporation C) Fidelity Investments D) Commonwealth Bank Answer: C Difficulty: Easy Analytical Thinking Brokerage Accounts 8) Mutual funds charge an annual fee, which is usually referred to as the . A) expense ratio B) reserve ratio C) coupon payment D) dividend Answer: A Difficulty: Easy Analytical Thinking Topic: Mutual Funds 9) A typical annual expense ratio is of the value of the assets in the mutual fund. A) 1% B) 5% C) 10% D) 20% Answer: A Difficulty: Easy AACSB: Analytical Thinking Topic: Mutual Funds 10) The expense of a mutual fund is usually reported on the . A) mutual fundʹs prospectus B) investorʹs passbook C) annual statement of the mutual fund D) quarterly statements of the mutual fund Answer: A Difficulty: Easy Analytical Thinking Topic: Mutual Funds 11) The fee that a mutual fund charges is usually proportional to the . A) number of investors who invest in the fund B) current prices of the assets that the investor has C) incomes of the investors who invest in the fund D) amount of assets that the investor has in the mutual fund Answer: D Difficulty: Easy AACSB: Analytical Thinking Mutual Funds
test-bank-economics-1st-acemoglu.docx