SIE Understanding Products and Their Risks Practice Question 14
Question: 14
Which of the following is common to a unit investment trust (UIT) and mutual funds?
Correct Answer: D
Explanation:
D: Both a UIT and a mutual fund may have front-end sales charges and CDSCs. A mutual fund may also have 12b-1 fees. Choice A is a characteristic of a UIT but not a mutual fund. Choices B and C are not characteristic of a UIT, which is not actively managed.
More Tests
- SIE Exam Practice Test 1
- SIE Exam Practice Test 2
- SIE Exam Practice Test 3
- SIE Exam Practice Test 4
- SIE Exam Practice Test 5
- SIE Exam Practice Test 6
- SIE Exam Practice Test 7
- SIE Exam Practice Test 8
- SIE Exam Practice Test 9
- SIE Exam Practice Test 10
- SIE Exam Practice Test 11
- SIE Exam Practice Test 12
- SIE Exam Practice Test 13
- SIE Exam Practice Test 14
- SIE Exam Practice Test 15
- SIE Exam Practice Test 16
- SIE Exam Practice Test 17
- SIE Exam Practice Test 18
- SIE Exam Practice Test 19
- SIE Exam Practice Test 20
- SIE Exam Practice Test 21
- SIE Exam Practice Test 22
- SIE Exam Practice Test 23
- SIE Exam Practice Test 24
- SIE Exam Practice Test 25