New Year Sale 2026! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

American College HS330 Exam - Topic 1 Question 120 Discussion

Actual exam question for American College's HS330 exam
Question #: 120
Topic #: 1
[All HS330 Questions]

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.

Show Suggested Answer Hide Answer
Suggested Answer: C

by Peggie at Jan 05, 2026, 05:16 AM

Limited Time Offer

25%

Off

Get Premium HS330 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Youlanda
3 days ago
Pooled-income funds are like mutual funds for charities. Easy to understand.
upvoted 0 times
...
Dana
8 days ago
I agree, this is a straightforward question. Option C is the right answer.
upvoted 0 times
...
Chaya
13 days ago
Both statements are correct. This is a good question.
upvoted 0 times
...
Xochitl
18 days ago
I practiced a similar question last week, and I think both statements are correct, so I would lean towards option C.
upvoted 0 times
...
Lanie
24 days ago
I feel confused about this one. I thought both statements were true, but now I'm second-guessing myself.
upvoted 0 times
...
Cecily
29 days ago
I remember discussing that pooled income funds are indeed irrevocable, so statement 2 seems right to me.
upvoted 0 times
...
Catina
1 month ago
I think statement 1 is correct because pooled income funds do operate like mutual funds, but I'm not entirely sure about the specifics.
upvoted 0 times
...
Goldie
1 month ago
I feel pretty confident about this one. Pooled-income funds are charitable arrangements, so statement II about the remainder interest passing to charity is definitely correct. I'll go with C) Both I and II.
upvoted 0 times
...
Howard
1 month ago
Wait, is it an irrevocable arrangement? I'm not totally sure about that. I better double-check the details before answering.
upvoted 0 times
...
Charlena
2 months ago
Okay, I think I've got this. A pooled-income fund is similar to a mutual fund, but with the remainder interest going to charity. I'll select C) Both I and II.
upvoted 0 times
...
Merilyn
2 months ago
Hmm, I'm a bit unsure about the differences between pooled-income funds and mutual funds. I'll need to make sure I understand the key characteristics of each.
upvoted 0 times
...
Annmarie
2 months ago
This seems like a straightforward question about pooled-income funds. I'll need to carefully review the details of how these funds work to determine which statements are correct.
upvoted 0 times
...

Save Cancel