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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.

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Suggested Answer: D

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

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Brice
2 months 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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Kristofer
1 months ago
C) Both l and ll
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Dominic
1 months ago
B) II only
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Lezlie
1 months ago
A) l only
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Ming
3 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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Charlena
1 months ago
That's an interesting way to think about it, like a financial nesting doll.
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Fatima
2 months ago
C) Both l and ll
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Sanjuana
2 months ago
A) l only
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Nida
3 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
2 months ago
I agree with you, I believe the correct answer is C. Both statements are accurate.
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Chantell
2 months ago
I think the correct answer is A. Only the first statement is correct.
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Ma
3 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
3 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
2 months ago
B) II only
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Ruby
2 months ago
I love the idea of pooled-income funds, it's like a financial potluck!
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Lon
2 months ago
C) Both l and ll
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Johnetta
3 months ago
A) l only
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Lorita
4 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
4 months ago
I think the correct answer is C) Both I and II.
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