American College Exam HS330 Topic 1 Question 105 Discussion

Actual exam question for American College's HS330 exam

Question #: 105
Topic #: 1

[All HS330 Questions]

Which of the following statements concerning pooled-income funds are correct?

1. The fund contains commingled donations from many sources.

L2. A decedent donation purchases units in the fund which generate income that is paid at least annually to a charity.

Al only

BII only

CBoth l and ll

DNeither I nor II

Show Suggested Answer

Suggested Answer: D

by Rashida at Jan 12, 2025, 07:15 AM

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3 days ago

I agree with Rosamond, because pooled-income funds do contain donations from multiple sources and generate income for charities.

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4 days ago

I think the correct answer is C) Both I and II.

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