1. Mutual funds that invest in short-term securities are called ... a. hedge funds. b. bond funds. c. equity funds. d. money market funds. e. hybrid funds. 2. A mutual fund sold with no sales commissions, from which shares can be redeemed at any time at a price based on the value of the fund's assets, is a fund. a. load; closed-end b. no-load; open-end c. no-load; closed-end d. load; open-end e. none of the above 6. Finance companies differ from banks in that they are not permitted to a. make mortgage loans. b. make consumer loans. C. accept deposits. d. make business loans. e. a, .b and d of the above. 7. Regulation of Fis is a. Minimal, because financial markets are highly efficient b. Minimal, because the federal government has always favoured the large FIS c. Considerable, because of FIs monopoly power d. Considerable, because of negative externalities of FI failure e. About the same intensity as non-FI regulation