What type of funds are typically no-load funds that impose no penalty for early withdrawal and generally allow holders to write checks against their account?

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Quizplus · Accepted Answer

Money market funds are typically no-load funds that impose no penalty for early withdrawal and generally allow holders to write checks against their account. Mutual funds, open-end funds, and closed-end funds may charge fees for early withdrawal and do not typically allow holders to write checks against their account. Balanced funds may or may not be no-load and may or may not allow holders to write checks against their account, depending on the specific fund's policies.

What Type of Funds Are Typically No-Load Funds That Impose