Sponsors of unit investment trusts earn a profit by ___________________.
A. deducting management fees from fund assets
B. deducting a percentage of any gains in asset value
C. selling shares in the trust at a premium to the cost of acquiring the underlying assets
D. charging portfolio turnover fees
C. selling shares in the trust at a premium to the cost of acquiring the underlying assets
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Suppose the Fed follows the Taylor rule. Which of the following is likely to happen if the Fed overestimates potential output??
A. ?The inflation rate will rise. B. The federal funds rate will fall.? C. ?The money supply will decrease. D. ?The income tax rates will increase.
Direct marketing is an expensive way of reaching target markets
Indicate whether the statement is true or false
A checklist approach allows the entrepreneur to identify _____ factors of a new venture.
a. financial b. business c. personnel d. critical
Ownership of property in trust can be described as a division at the same time of what two ownership interests? ?
A) ?life estate and remainder B) ?legal and beneficial C) ?affirmative and negative D) ?present and future