An individual who pays a sales charge every time he or she purchases shares in a mutual fund is investing in a(n) ____ fund.

Question

Quizplus · Accepted Answer

A load fund refers to a mutual fund that charges a sales fee or commission payable to brokers or other sales representatives. If an individual pays a sales charge every time he or she purchases shares in a mutual fund, it means the investor is putting money into a load fund.

An Individual Who Pays a Sales Charge Every Time He