The Largest Mutual Fund, as of April 2016, Held Approximately

question 161

Multiple Choice

The largest mutual fund, as of April 2016, held approximately billion in assets under management.

• A)$70
• B)$90
• C)$147
• D)$170

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Definitions:

Compensating Balances

A minimum account balance that a company agrees to maintain in a bank account to offset the cost of banking services provided.

Transactions Balance

The amount of money held to conduct transactions in the short term, usually reflecting the liquidity needs of an individual or a company.

Accounts Receivable

Liabilities of customers to a firm for items or services supplied, pending payment.

Economic Conditions

The state of an economy at a given time, influenced by factors like GDP, unemployment rates, inflation, and government policies.