Revocable Trusts Means

question 22

Multiple Choice

Revocable trusts means

• A)the transferor may not demand the assets be returned.
• B)income or estate tax savings for the grantor.
• C)the trust can be revoked.
• D)the grantor is always the beneficiary.

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Definitions:

China

A country in East Asia, the world's most populous nation, with a long history, rich culture, and rapidly growing economy that plays a significant role in global affairs.

Merchandise Trade Deficit

A country's merchandise trade deficit occurs when its imports of physical goods exceed its exports within a given period.

International Trade

The exchange of goods and services between countries, driven by the differences in costs of production, resource distribution, and various other factors.

Comparative Advantage

The ability of a country or firm to produce a particular good or service at a lower opportunity cost than its competitors.