A ________ Is Created When a Person Deposits Money in a Bank

question 68

Multiple Choice

A ________ is created when a person deposits money in a bank account in his or her own name and holds it as a trustee for the benefit of another person.

• A) resulting trust
• B) Totten trust
• C) spendthrift trust
• D) testamentary trust

---

Definitions:

Limited Population

A specific, restricted group of individuals or entities considered within a particular context or study.

Poisson Arrivals

A statistical distribution that models the number of events occurring in a fixed interval of time or space, assuming independence among arrivals.

FIFO Discipline

First In, First Out Discipline is a queue management principle where the first item or task to arrive is the first to be processed or completed.

Normal Curve

A bell-shaped curve that represents the distribution of many types of data where most of the occurrences take place around the average.