Which of the Following Statements Is True for Gift Cards

question 4

Multiple Choice

Which of the following statements is true for gift cards?

• A)They are subject to TILA regulations.
• B)Recipients have 2 years to use the cards.
• C)A fee can be assessed if the card has not been used within 6 months.
• D)A fee can only be assessed if a customer is first notified of the fees.

Recognize the significance of updating your will based on life changes and property disposition.

Understand the tax implications of different estate planning tools and strategies for minimizing federal estate taxes.

Grasp the roles and responsibilities of executors, trustees, guardians, and beneficiaries in estate management.

Comprehend the consequences of dying without a valid will and the state's role in property distribution.

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Definitions:

Multifactor APT

Multifactor APT, or Arbitrage Pricing Theory, is a model that describes the expected return on a financial asset as a linear function of various macroeconomic factors or theoretical market indexes.

Macro Factors

Economic variables that affect a wide range of assets and securities including inflation, interest rates, economic growth, and political stability.

Factor Portfolio

A portfolio constructed to have a high sensitivity to a specific factor or factors, used to capture returns associated with those factors.

Well-Diversified

A portfolio strategy involving the mix of different investments to reduce exposure to risk.