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1. When an investor tends to rely more heavily on information that is in line with their existing beliefs we can say he demonstrates: a.

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1. When an investor tends to rely more heavily on information that is in line with their existing beliefs we can say he demonstrates: a. anchoring bias b. confirmation bias c. mental accounting d. none of the above 2. Mutual funds that are willing to repurchase their shares from investors at any time are referred to as a. closed-end funds. b. load mutual funds. c. no-load mutual funds. d. open-end mutual funds. 3. Which of the following is NOT disclosed in a mutual fund prospectus? a. the minimum amount of investment required b. the investment objective of the mutual fund c. the fees incurred by the mutual fund d. all of the above are disclosed

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