Which of the Following Functions Do Investment Companies Perform for Their

question 70

Multiple Choice

Which of the following functions do investment companies perform for their investors?

• A) Record keeping and administration
• B) Diversification and divisibility
• C) Professional management
• D) Lower transaction costs
• E) All of the options.

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Definitions:

Currency

The system of money in general use in a particular country.

NSF Check

A check that cannot be processed because the drawer's account does not have sufficient funds, standing for Non-Sufficient Funds.

Deposit In Transit

Funds that have been deposited by a company but not yet credited to its bank account.

Ledger

A comprehensive collection of a company's financial accounts.