1.

____ is the combination of operating expenses as a percentage of total assets in a mutual fund:

Multiple Choice

• Trading expense ratio

• Maintenance expense ratio

• Management expense ratio

• Fixed cost ratio

• Variable cost ratio

  Which of the following is not a benefit of investing in a mutual fund?

  Multiple Choice

• diversification

• guaranteed to out-perform the market

• liquidity

• professional management

• none of the answers are benefits 3.

  A company can raise short-term financing in the:

  Multiple Choice

• capital market

• money market

• foreign-exchange market

• commodities market

• markets for options and other derivatives