retirement. Which of the following funds would you recommend to her? A) Regional fund OB) Equity income fund OC) Sector fund OD) Fund of funds E) Life-cycle fund

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A: A mutual fund having the potential of generating a significant amount of returns over a time period.

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A: Solution:   Petty cash fund is cash for small day to day routine expenses.

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Q: Define mutual fund, and explain the advantages and disadvantages of this popular investment vehicle.

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Q: e: Sources and Uses of Short-Term and Long-Term Funds

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