An individual who pays no commission HYPERLINK "" every time he or she invests in a mutual fund is investing in a(n)_________ fund.

Question

Quizplus · Accepted Answer

A no-load fund is a mutual fund in which an individual does not pay commission every time he or she invests. Closed-end and open-end funds are types of investment companies, while a load fund requires individuals to pay a commission or sales charge when they purchase or sell shares.

An Individual Who Pays No Commission HYPERLINK "" Every Time