Which of the Following Are Other Names for a Revocable

question 3

Multiple Choice

Which of the following are other names for a revocable trust?
I.Inter vivos trust.
II.Living trust.
III.Loving trust.
IV.Testamentary trust.

• A)I,II.
• B)III,IV.
• C)I,II,III.
• D)I,II,IV.

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Definitions:

Required Reserve Ratio

The fraction of deposits that banks must hold in reserve, either in their vaults or with the central bank, to ensure bank liquidity.

Federal Funds Market

A financial market that allows banks to borrow or lend excess reserves to one another, usually on an overnight basis.

Liquidity

The simplicity of transforming an asset into cash without impacting its market value.

Profitability

A measure of the efficiency and financial success of a company, typically evaluated through ratios such as net profit margin or return on investment.