Which of the Following Is Not Correct About Collectibles

question 84

Multiple Choice

Which of the following is not correct about collectibles?

• A)They do not pay current income.
• B)Some investors must pay storage fees.
• C)Precious metals and stones can be bought from telemarketers.
• D)Scams and frauds are nearly nonexistent.

Understand the importance of a mutual fund's prospectus and what information it contains.

Grasp the concept of fund management, including fees, professional management, and investment strategies.

Describe the impact of market risk and the concept of diversification in mutual fund investments.

Analyze the characteristics and trade-offs of closed-end funds, including their trading mechanisms and pricing.

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Definitions:

Iroquois

A historically powerful and influential group of Native American tribes forming the Iroquois Confederacy, primarily located in the northeastern United States.

Fort Necessity

Fort Necessity was a small stockade built by British colonial forces in 1754 in what is now Farmington, Pennsylvania, playing a key role in the early stages of the French and Indian War.

Plan of Union

A proposal made by Benjamin Franklin at the Albany Congress in 1754 for the creation of a unified government for the Thirteen Colonies, which was not implemented but laid groundwork for future unity.

Albany Congress

A meeting of representatives from several American colonies in 1754 to discuss forming a united front against the French and Native American threats.