Which of the following bond mutual funds would provide tax-free income?

	government bond fund
	municipal bond fund
	convertible bond fund
	mortgage-backed bond fund
	all of these

Redeeming your mutual fund shares might result in a charge called a

	back-end load.
	front-end load.
	redemption tax.
	management fee.
	none of these.

An annual fee charged by some mutual funds to cover marketing and distribution expenses is the

	management fee.
	back-end load.
	transaction fee.
	12(b)-1 fee.
	low-load.

Lillian has a defined benefit plan that promises an annual retirement benefit based on the average of her last three years of salary times 2 years of service. At retirement Lillian has 15 years of service and an average salary over the last 3 years of $65,000. What will her annual benefit be?

	$65,000
	$50,500
	$35,400
	$19,500
	cannot determine

Of the following survivors of a fully insured worker, ____ would not be eligible for social security benefits.

	dependent children
	spouse age 47, no children
	spouse age 65, with dependent children
	spouse age 65, no children
	spouse age 26, with dependent children