Multiple choice

Which classification of mutual funds does not exist?

  1. Pension fund or provident fund

  2. Closed - end or open - end

  3. Load fund or no load fund

  4. Active fund or passive fund.
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Mutual funds are classified by structure (closed-end or open-end), fee structure (load or no-load), and investment strategy (active or passive). Pension and provident funds are distinct retirement savings vehicles, not mutual fund classifications.

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