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Question 1 of 10
1. Question
Which statement(s) is (are) correct regarding Open-ended funds?
I. Open-ended funds are also known as a mutual fund.
II. Open-ended funds have an unlimited amount of shares available.
III. The make-up of Open-ended funds will change as the number of investors increases.
IV. Open-ended funds offer securities continuously.Correct
Open-ended funds: best known as a mutual fund, these funds have an unlimited amount of shares available — new investors are always welcome. A prospectus needs to be available to investors. The make-up of these funds will change as the number of investors increases.
Open- ended funds offer securities continuously.Incorrect
Open-ended funds: best known as a mutual fund, these funds have an unlimited amount of shares available — new investors are always welcome. A prospectus needs to be available to investors. The make-up of these funds will change as the number of investors increases.
Open- ended funds offer securities continuously. -
Question 2 of 10
2. Question
Which one is the correct relationship among Sales Charge, Net Asset Value (NAV) and Public Offering Price (POP)?
Correct
Sales Charge (percent): POP-NAV ÷ POP
Incorrect
Sales Charge (percent): POP-NAV ÷ POP
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Question 3 of 10
3. Question
Which statement(s) is (are) incorrect regarding Participation trust?
I. Participating trust invests in set mutual funds shares, with no set maturation.
II. Participating trust terminates when the investments (usually bonds) mature.
III. Participating trust is designed to fix the investments included in the fund, for investors who do not like the fluctuations in make-up associated with open-ended funds.
IV. Participating trust is a one-time offering of securities.Correct
Participating trust: trust invests in set mutual funds shares, with no set maturation.
Incorrect
Participating trust: trust invests in set mutual funds shares, with no set maturation.
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Question 4 of 10
4. Question
Which statement(s) is (are) correct regarding Closed-ended funds?
I. Closed-ended funds are called publicly traded funds.
II. Closed-ended funds carry a fixed amount of shares.
III. Closed-ended funds are designed to fix the investments included in the fund, for investors who do not like the fluctuations in make-up associated with open-ended funds
IV. Closed-ended funds offer securities continuously.Correct
Closed-ended funds: also called publicly traded funds, these funds carry a fixed amount of shares, which are sold to investors and consequently traded in the market. These funds are designed to fix the investments included in the fund, for investors who do not like the fluctuations in make-up associated with open-ended funds.
Closed-ended funds are a one-time offering of securities.Incorrect
Closed-ended funds: also called publicly traded funds, these funds carry a fixed amount of shares, which are sold to investors and consequently traded in the market. These funds are designed to fix the investments included in the fund, for investors who do not like the fluctuations in make-up associated with open-ended funds.
Closed-ended funds are a one-time offering of securities. -
Question 5 of 10
5. Question
Which is (are) the correct statement(s) regarding common stock funds?
I. Common stock funds are often specialized by goal, like growth funds, or stock type, like blue chip funds.
II. Common stock funds are low risk.
III. Common stock funds are speculating on out of the ordinary growth in a particular investment segment.
IV. Common stock funds invest in municipal bonds only, often limited by state.Correct
Common stock funds: invest in common stock. These funds are often specialized by goal, like growth funds, or stock type, like blue chip funds.
Incorrect
Common stock funds: invest in common stock. These funds are often specialized by goal, like growth funds, or stock type, like blue chip funds.
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Question 6 of 10
6. Question
Which is (are) the correct statement(s) regarding Specialized funds?
I. Specialized funds are often used to diversify investment portfolios.
II. Specialized funds are low risk.
III. Specialized funds are speculating on out of the ordinary growth in a particular investment segment.
IV. Specialized funds invest in a particular industry, companies in the same area, etc.Correct
Specialized funds: invest in a particular industry, companies in the same area, etc. These funds are speculating on out of the ordinary growth in a particular investment segment.
Incorrect
Specialized funds: invest in a particular industry, companies in the same area, etc. These funds are speculating on out of the ordinary growth in a particular investment segment.
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Question 7 of 10
7. Question
Which is (are) the incorrect statement(s) regarding International funds?
I. International funds are often used to diversify investment portfolios.
II. International funds are speculating on out of the ordinary growth in a particular investment segment.
III. International funds invest in short-term money market investments.
IV. International funds have capital appreciation (growth) as a goal.Correct
International funds: invest in foreign securities. These funds are often used to diversify investment portfolios.
Incorrect
International funds: invest in foreign securities. These funds are often used to diversify investment portfolios.
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Question 8 of 10
8. Question
Which is (are) the correct statement(s) regarding Bond funds?
I. Bond funds invest in bonds.
II. Bond funds low risk.
III. Bond funds are limited by state.
IV. Bond funds invest in common stockCorrect
Bond funds: invest in bonds; low risk.
Incorrect
Bond funds: invest in bonds; low risk.
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Question 9 of 10
9. Question
Dual-purpose bonds invest in-
Correct
Dual-purpose bonds: invest in two types of stock to serve combined goals, like income and capital.
Incorrect
Dual-purpose bonds: invest in two types of stock to serve combined goals, like income and capital.
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Question 10 of 10
10. Question
Government bond funds invest in –
Correct
Government bond funds: invest in Treasury securities only.
Incorrect
Government bond funds: invest in Treasury securities only.