Expenses charged by mutual funds to cover such as account set-up and annual registration costs are known as:

Question

Quizplus · Accepted Answer

The expenses charged by mutual funds to cover account set-up and annual registration costs are known as special fees. Exchange fees are charged when trading shares of a fund, turnover is the rate at which a fund buys and sells securities, deferred sales charges are fees charged when you sell mutual fund shares, and trading costs refer to expenses related to buying and selling securities within a fund.  None of these options accurately reflect the type of fee described in the question except for option B.

Expenses Charged by Mutual Funds to Cover Such as Account