Personal Finance: Test 2

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Such funds are called ________ funds.","questionTimeSeconds":"0","questionTimeMinutes":"2","questionImagePath":null,"position":23,"explanation":"","question_score_id":null,"lang":null,"questionAudioPath":null},{"id":334194,"quiz_id":"16213","answer_id":null,"answerType_id":"0","created_at":"2017-12-08 00:21:16","updated_at":"2017-12-13 00:58:48","questionName":"__________ are employees of financial institutions who make investment decisions.","questionTimeSeconds":"0","questionTimeMinutes":"2","questionImagePath":null,"position":16,"explanation":"","question_score_id":null,"lang":null,"questionAudioPath":null},{"id":334199,"quiz_id":"16213","answer_id":null,"answerType_id":"0","created_at":"2017-12-08 00:29:02","updated_at":"2017-12-13 00:58:48","questionName":"The market value of the securities that a fund has purchased minus any liabilities owed is known as","questionTimeSeconds":"0","questionTimeMinutes":"2","questionImagePath":null,"position":21,"explanation":"","question_score_id":null,"lang":null,"questionAudioPath":null},{"id":334203,"quiz_id":"16213","answer_id":null,"answerType_id":"0","created_at":"2017-12-08 00:34:13","updated_at":"2017-12-13 00:58:48","questionName":"For a bond mutual fund, its susceptibility to interest rate movements is known as ______ risk.","questionTimeSeconds":"0","questionTimeMinutes":"2","questionImagePath":null,"position":25,"explanation":"","question_score_id":null,"lang":null,"questionAudioPath":null},{"id":334207,"quiz_id":"16213","answer_id":null,"answerType_id":"0","created_at":"2017-12-08 00:38:46","updated_at":"2017-12-13 00:58:48","questionName":"When the stock market is weak, prices of stocks held by stock mutual fund decrease and the NAV of the fund declines. The susceptibility to the stock market is often referred to as","questionTimeSeconds":"0","questionTimeMinutes":"2","questionImagePath":null,"position":27,"explanation":"","question_score_id":null,"lang":null,"questionAudioPath":null},{"id":334198,"quiz_id":"16213","answer_id":null,"answerType_id":"0","created_at":"2017-12-08 00:27:28","updated_at":"2017-12-13 00:58:48","questionName":"Funds that sell shares to individuals and invest the proceeds in bonds are called stock mutual funds.","questionTimeSeconds":"0","questionTimeMinutes":"2","questionImagePath":null,"position":20,"explanation":"","question_score_id":null,"lang":null,"questionAudioPath":null},{"id":334209,"quiz_id":"16213","answer_id":null,"answerType_id":"0","created_at":"2017-12-08 00:39:55","updated_at":"2017-12-13 00:58:48","questionName":"__________ mutual funds sell shares directly to investors and repurchase those shares whenever investors wish to sell them.","questionTimeSeconds":"0","questionTimeMinutes":"2","questionImagePath":null,"position":28,"explanation":"","question_score_id":null,"lang":null,"questionAudioPath":null}]
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Much research has found that the performance of portfolios managed by portfolio managers is frequently lower than the performance of an existing stock index.

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