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4. Which type of fund generally has the lowest average expense ratio? (a) Indexed funds (b) Hedge funds (c) Actively managed equity funds (d) Actively

4. Which type of fund generally has the lowest average expense ratio? (a) Indexed funds (b) Hedge funds (c) Actively managed equity funds (d) Actively managed bond funds

5. If a mutual fund has multiple-class shares, which class typically has a front-end load? (a) Class I (b) Class C (c) Class B (d) Class A

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