Which of the Following Statements Is Incorrect

question 30

Multiple Choice

Which of the following statements is incorrect?

• A)Mutual funds serve as a key financial intermediary.
• B)Managers of mutual funds do not analyze economic and industry trends.
• C)Because of their diversification, management expertise, and liquidity, mutual funds have grown at a rapid pace.
• D)Some mutual funds offer check-writing privileges.

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Definitions:

Neutral Policy

A stance or policy adopted by an organization or government that is neither supportive nor against a particular issue, aiming for a balanced approach.

Accounts Payable

Liabilities owed by a business to its creditors for purchases or services rendered that are expected to be paid off within a year.

Inventory Reduction

A strategy to decrease the amount of inventory that a company holds in order to improve cash flow or reduce storage costs.

Tax Refund

The amount of money returned to a taxpayer by the government when the taxpayer's paid taxes exceed their tax liability for a given year.