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Increased economies of scale and scope are helped by which of the following?
Personal Trusts
Legal arrangements where assets are managed by one party for the benefit of another, often used for estate planning and wealth management.
Risk Averse
An investor who will consider risky portfolios only if they provide compensation for risk via a risk premium.
Variable Annuity Contract
An insurance contract that provides future payments to the holder, where the amounts depend on the performance of the investment options chosen.
Hypothetical Constant-Benefit Payment
A theoretical payment scenario where beneficiaries receive a constant amount, regardless of changes in the underlying value or conditions.
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