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American College Exam HS330 Topic 3 Question 94 Discussion
Actual exam question for
American College's
HS330 exam
Question #: 94
Topic #: 3
[All HS330 Questions]
Topic #: 3
Which of the following statements concerning pooled-income funds is (are) correct?
1. A pooled income fund is similar to a mutual fund maintained by a qualified charity.
2. lt is an irrevocable arrangement in which the remainder interest passes to charity.
Suggested Answer:
D
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