An individual who pays no commission 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 the individual investor pays no commission or sales charge every time he or she invests, whereas a load fund charges a commission or sales charge, often ranging from 3% to 8%, which is deducted from the investment amount. Therefore, D is the best choice as it saves the investor money on commissions and fees.

An Individual Who Pays No Commission Every Time He or She