If you invest $2,500 in a mutual fund with a 5 percent front-end load, _____
a. $50 will be used to pay for the sales charge and $2,000 will be invested in the fund
b. there will be no sales charge and the entire $2,500 will be invested in the fund
c. the fees for the fund manager will be paid only after a period of 20 years
d. $125 will be paid to the fund manager and $2,375 will be invested in the fund
e. a fixed amount of $250 will be paid to the fund manager every year
d
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In a fiduciary monetary system, the value of the money issued by a government is based on
A) the ability to convert it to some asset of value, like silver. B) the gold held in that government's vaults. C) public confidence in that currency's acceptability and predictability of value. D) its being made out of some material with a market value equal to a bill's face value.
Why do economists generally favor vouchers to achieve an efficient outcome?
What will be an ideal response?