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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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Brice

27 days ago

This question is making my brain hurt. Can we go back to the basics of personal finance? Like, 'How to avoid spending your entire paycheck on avocado toast?'

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Ming

1 months ago

Wait, so the fund contains donations from many sources, and a decedent donation purchases units that generate income for a charity? That's like a financial Russian nesting doll.

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Fatima

2 days ago

C) Both l and ll

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Sanjuana

13 days ago

A) l only

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Nida

2 months ago

I'm pretty sure the correct answer is C. Both I and II are correct statements about pooled-income funds. I've got this one in the bag.

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Geraldine

16 days ago

I agree with you, I believe the correct answer is C. Both statements are accurate.

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Chantell

28 days ago

I think the correct answer is A. Only the first statement is correct.

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Ma

2 months ago

I'm not sure, but I think I'll go with C) Both I and II as well. It makes sense based on the information provided.

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Lashawn

2 months ago

Ah, pooled-income funds, the financial equivalent of a buffet. You get a little bit of everything, and hopefully it all tastes good!

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Launa

1 days ago

B) II only

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Ruby

13 days ago

I love the idea of pooled-income funds, it's like a financial potluck!

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Lon

29 days ago

C) Both l and ll

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Johnetta

1 months ago

A) l only

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Lorita

2 months ago

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

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Rosamond

2 months ago

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

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