A load fund differs from a no-load fund in that the load fund often borrows to buy securities while a no-load does not

Which of the following statements about the prospectus required by the Securities Act of 1933 is true?

A. The prospectus is a part of the registration statement. B. The prospectus should enable the SEC to pass on the merits of the securities. C. The prospectus must be filed after an offer to sell. D. The prospectus is prohibited from being distributed to the public until the SEC approves the accuracy of the facts stated.

The personal loan process with a financial institution requires all of the following except

A) filling out an application. B) sitting through an interview. C) negotiating the loan contract. D) negotiating the interest rate.