A commission or fee paid, when an agent or an individual sells an investment such as mutual funds or annuity is known as _________ A. Redemption fee B. Service Charge C. Regressive tax D. Sales tax

A commission or fee paid, when an agent or an individual sells an investment such as mutual funds or annuity is known as _________ A. Redemption fee B. Service Charge C. Regressive tax D. Sales tax
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A. Redemption fee Explanation: A mutual fund redemption fee, also referred to as a ―market timing fee‖, or ―short-term trading fee‖, is a charge by a mutual fund company to discourage investors from making a short-term ―round trip‖ (i.e. a purchase, typically a transfer, followed by a sale within a short period of time).
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