Compute the actual investment in a mutual fund carrying a front-end load of 10 percent on a sum of $10,000 invested by an individual

Which of the following is a similarity between a second-price sealed-bid auction and an English auction?

A) Bids are placed privately in both the auctions. B) Bids are placed publicly in both the auctions. C) Bidders place their bids simultaneously in both the auctions. D) The winner pays an amount equal to the second-highest bid in both the auctions.

China runs a current account surplus with the United States. Which of the following must be true about China's balance of payments with the United States?

A) It must run a financial account deficit. B) Its net exports must be negative. C) Its balance of trade must be in deficit. D) Its balance of payments must run a deficit.