What type of mutual fund reflects an investment strategy focused on ac
QUESTION
What type of mutual fund reflects an investment strategy focused on achieving the highest yield?
A) growth
B) income
C) index
D) specialty
E) global
ANSWER
Answer: B
Explanation: B) The strategy seeking to obtain the highest yield is investing for income. Income mutual funds invest in securities that pay high dividends and interest—offering a high yield.
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