1. A 12(b)-1 fee can only be charged by a load mutual fund. True False?

2. The Annual Percentage Yield is the same as the

		compound rate.
		real rate.
		simple rate.
		effective rate.
		nominal rate.

3. Activities of daily living (ADLs) are important in determining ____ for long-term care insurance.

		type of care
		services covered
		waiting period
		eligibility
		benefit duration