Socially responsible funds are distinguished from other mutual funds because they
A) invest only in over-the-counter stocks.
B) do not charge any sales commission or management fees.
C) invest only in companies that meet specified moral, ethical, or environmental standards.
D) will sell their shares only to investors who sign a statement saying they do not smoke tobacco or use alcohol.
Answer: C
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All of the following statements describe the flexibility available to the owner of a universal life insurance policy EXCEPT
A) Policy loans are permitted on an interest-free basis. B) The frequency of premium payments can be varied. C) The death benefit can be increased with evidence of insurability. D) Premium payments can be any amount provided there is sufficient cash value to keep the policy in force.
Money sent out of a politically or economically unstable country to one perceived as a safe haven is known as protected capital
Indicate whether the statement is true or false