QUESTION 26 1 points Save Answer Which of the following is a feature of index mutual funds? They have lower fees. They select and hold stocks to match the performance of a stock index. They do not require managers to select stocks and decide when to buy and sell. O All of the above. QUESTION 27 1 points Save Answer Which of the following is not a proposal for insuring that sufficient funds will be available to provide Social Security benefits to future retirees? Raise the maximum income cap on which workers and employers are taxed. Provide more generous annual cost living increases. Raise the minimum age for receiving benefits. O Reduce the amount of future benefits. QUESTION 28 1 points Save Answer Mutual funds O pool the resources of many small investors by selling these investors shares and using the proceeds to buy securities. a small investors to benefits flower transaction costs in purchasing securities. O provide small investors diversified portfolio that reduces risk. O do all of the above. O do only A and B of the above. QUESTION 29 1 points Save Answer Managerial expertise enables mutual funds to consistently outperform a randomly selected group of stocks. O TRUE O FALSE. 1 points Save Answer QUESTION 30 The assets of the Social Security Trust Fund have been borrowed by the Federal government and have been spent. O TRUE O FALSE. QUESTION 31 1 points Save Answer If you buy the shares of a no-load mutual fund at 10:00 AM, you will know within minutes the price you paid for them. TRUE FALSE