Catherine invests her retirement savings in no-load funds, which means she
A) pays no sales charges.
B) doesn't use a broker.
C) doesn't pay a management fee.
D) pays a small flat rate for every trade.
E) won't pay taxes when she withdraws the funds.

Question

Quizplus · Accepted Answer

No-load funds are mutual funds that do not charge any type of sales load or commission, meaning investors do not pay sales charges when they buy or sell shares.

Catherine Invests Her Retirement Savings in No-Load Funds, Which Means