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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: C
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26 comments · newest first
TR
Truman
5 months ago
I’m not sure about I. Maybe D is the answer?
DA
Davida
5 months ago
Statement II is definitely true, so I lean towards C too.
IZ
Izetta
6 months ago
I agree, pooled income funds are like mutual funds for charities.
LO
Lourdes
6 months ago
I think both statements are correct. C sounds right.
UN
Una
6 months ago
Nope, I think only statement II is true.
ME
Mee
6 months ago
I thought pooled income funds were just for wealthy donors.
CA
Carmelina
6 months ago
Wait, is it really irrevocable? That seems risky.
CO
Coral
6 months ago
Definitely agree, it's like a mutual fund for charity.
HE
Hershel
7 months ago
I think both statements are correct!
IR
Ira
7 months ago
Irrevocable arrangements and charities - sounds like a solid investment opportunity.
WI
William
7 months ago
Haha, I bet the exam writers had fun coming up with these answer choices.
YO
Youlanda
8 months ago
Pooled-income funds are like mutual funds for charities. Easy to understand.
DA
Dana
8 months ago
I agree, this is a straightforward question. Option C is the right answer.
CH
Chaya
8 months ago
Both statements are correct. This is a good question.
XO
Xochitl
8 months ago
I practiced a similar question last week, and I think both statements are correct, so I would lean towards option C.
LA
Lanie
8 months ago
I feel confused about this one. I thought both statements were true, but now I'm second-guessing myself.
CE
Cecily
8 months ago
I remember discussing that pooled income funds are indeed irrevocable, so statement 2 seems right to me.
CA
Catina
9 months 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.
GO
Goldie
9 months 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.
HO
Howard
9 months ago
Wait, is it an irrevocable arrangement? I'm not totally sure about that. I better double-check the details before answering.
CH
Charlena
9 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.
ME
Merilyn
9 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.
AN
Annmarie
10 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.
TU
Tuyet
3 months ago
But what about statement 2? Is it really irrevocable?
FA
Fausto
4 months ago
Yeah, pooled income funds do act like mutual funds for charities.
JO
Joanna
5 months ago
I think statement 1 is definitely true.