QUESTION 9

1. There is no difference between a public offering and a private placement.

   True

   False

2 points

QUESTION 10

1. Mutual Funds are the second most important group of Financial Institutions as measured by asset size; second only to commercial banks

   True

   False

2 points

QUESTION 11

1. Mutual funds provide opportunities for small investors to invest in a liquid and diversified portfolio of stocks, bonds or stocks and bonds.

   True

   False

2 points

QUESTION 12

1. Short-term mutual funds invest in securities with original maturities of one year or more.

   True

   False