SIE Exam Question 856: Answer and Explanation

Question: 856

A mutual fund with a high turnover rate will require __________ active management and will typically charge __________ expenses.

  • A. less, higher
  • B. less, lower
  • C. more, higher
  • D. more, lower

Correct Answer: C

Explanation:

A mutual fund with a high turnover rate will require more active management and will typically charge higher expenses.

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