Which of the Following Is a Major Objective of Unit

question 46

Multiple Choice

Which of the following is a major objective of unit investment trusts?

• A) Capital preservation
• B) Capital gains
• C) Current income
• D) Tax deferment

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Definitions:

Exempts

means to free someone or something from an obligation, duty, or liability to which others are subject; granting immunity from a general requirement.

Individual Debtor

A person who owes money to creditors; in legal contexts, often pertaining to bankruptcy procedures.

Bankruptcy Code

The set of laws that governs bankruptcy proceedings in the United States, providing a legal framework for insolvency and debt resolution.

Meetings of Creditors

Gatherings organized for creditors to discuss and decide upon matters related to a debtor's bankruptcy or financial restructuring.