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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1 days 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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5 days 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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9 days 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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15 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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16 days ago

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

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