QUESTION 21 Which of the following is not an advantage of investing in a mutual fund? a. Asset efficiency b. Professional management c. Regulated by the SEC d. Portfolio diversification QUESTION 22 An index fund is: a. A money market fund that is indexed to Treasury bill rates b.A Fund investing in exactly the firms making up the index, Such as the S&P500 c. A type of aggressive growth fund d. A sector fund invested only in the major corporations of that sector QUESTION 23 Utilities stocks are often major investments of income funds because: a. Since they are regulated, an investor cannot loose money on these in the stock market b. They are high-risk, high-return investments c. They always have a PEG below 1 d. They normally have high dividend yields QUESTION 24 The Dow Jones Industrial Average is: a. A mutual fund associated with cyclical stocks b. Stock price index of 30 industrial firms, used as an indicator of market performance c. A derivative instrument used for hedging foreign currency d. An aggressive growth index fund