37 periods of hiph short-term interest rates. A) Index funds B) Balanced funds C) Mutual stock funds D) Money market funds 38. The major benefit of diversifcation is to: A) Increase the expected return. B) Remove negative risk assets from the portfolio. C) Remove the portfolio's systematic risk. D) Reduce the expected risk of the portfolio. 39. The difference between a load fund and a no-load fund is that A) No-load funds do not charge commissions and are sold directly by the investment company B) Load funds do not charge commisions and are sold directly by the investment C) No-load funds charge higher commissions than load funds. D) No-load funds charge lower commissions than load funds. 40 Which of the following is a disadvantage of mutual fund ownership: A) Diversification of assets to reduce risk B) Professional management to intest assets C) Mutual funds on average do not outperform the market D) No-load funds minimize transaction costs