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Exam Series 7 All Questions

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Exam Series 7 topic 1 question 300 discussion

Actual exam question from FINRA's Series 7
Question #: 300
Topic #: 1
[All Series 7 Questions]

A mutual fund characterized by a modest sales charge and an investment in a fixed portfolio of municipal securities is a:

  • A. face-amount certificate company
  • B. unit investment trust company
  • C. management company
  • D. open-end or closed-end company
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Suggested Answer: B 🗳️
unit investment trust company. This is an example of a fixed trust, which is a type of unit investment trust.
by lolojepu at April 6, 2025, 2:16 a.m.

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