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American College Exam HS330 Topic 3 Question 94 Discussion

Actual exam question for American College's HS330 exam
Question #: 94
Topic #: 3
[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.

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Suggested Answer: D

by Kindra at Aug 04, 2024, 09:37 AM

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Junita
22 days ago
C'mon, this is a no-brainer. Who doesn't know about pooled income funds and their charitable connections? This question is too easy!
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Lili
29 days ago
Pooled income funds? Sounds like a bunch of financial jargon to me. I'll just guess and hope for the best.
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Alaine
7 days ago
User 2: I'm going with B) II only.
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Latanya
8 days ago
User 1: I think it's A) l only.
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Valda
1 months ago
D. Neither statement is correct. Pooled income funds are nothing like mutual funds, and they're definitely not irrevocable. This exam is trying to trick us!
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Corazon
1 months ago
I'm not sure about this one. I know pooled income funds have something to do with charities, but I don't remember the details. Guess I'll have to review my notes.
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Skye
7 days ago
Lenna: So, the correct answer is both l and ll.
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Tequila
8 days ago
User 3: Yes, and statement ll is about the remainder interest going to charity.
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Lenna
16 days ago
User 2: So, that would be statement l.
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Princess
27 days ago
User 1: Pooled income funds are like mutual funds for charities.
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Novella
2 months ago
I think the answer is C. Both statements are correct. A pooled income fund is similar to a mutual fund, and it's an irrevocable arrangement where the remainder goes to charity.
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Nan
1 months ago
Yes, the remainder interest passing to charity is also a key aspect of pooled income funds.
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Pok
1 months ago
I agree, both statements are correct. A pooled income fund is like a mutual fund.
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Junita
2 months ago
I'm not sure about this one. I think I need to review the material again before making a decision.
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Iraida
2 months ago
I agree with Tasia. Pooled income funds are maintained by charities and the remainder interest goes to charity.
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Tasia
2 months ago
I think the correct answer is C) Both l and ll.
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