A mutual fund custodian is paid according to which of the following specifications when receiving deposits from a shareholder's reinvestment plan?
A)a commission for each share purchased
B)a percentage of the sales charge
C)a processing fee
D)a percentage of the fund's net asset value

Question

Quizplus · Accepted Answer

a processing fee. Many custodian banks charge the custodian fee to the mutual fund rather than the individual shareholder.

A Mutual Fund Custodian Is Paid According to Which of the Following