QUESTION 39

1. Management fees and other expenses of open-end mutual funds are least likely to include:

   		a. Front-end loads.
   		b. Back-end loads.
   		c. 12 b-1 charges.
   		d. Tax liabilities.

QUESTION 40

1. Mutual fund fees that cover advertising and promotional literature are typically referred to as:

   		a. Back-end loads.
   		b. Front-end loads.
   		c. Advertising fees.
   		d. 12 b-1 charges.