12. If the commission fee is charged when the funds are deposited in a mutual fund, it is a deferred load. A) True. B) False 13. In an open-end fund, a fixed number of shares are sold at initial offering and after that, the fund cannot take in any more investment. A) True. B) False 14. Index funds do not require managers to choose securities and as a result, they have very low fees. A) True. B) False 15. The usual fees charged by mutual funds includes A) An account maintenance fee. B) A redemption fee. C) An exchange fee. D) All of the above