A Nonproprietary Mutual Fund Is Where the Bank Acts as a Broker

question 67

True/False

A nonproprietary mutual fund is where the bank acts as a broker for a nonaffiliated mutual fund but does not act as an investment advisor.

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Definitions:

Parallel Processing

A method in computing and brain functioning where multiple processes or calculations are performed simultaneously.

Selective Attention

The cognitive process of focusing on certain stimuli or information while ignoring others.

Cocktail Party Effect

The brain's ability to focus one's auditory attention on a particular stimulus while filtering out a range of other stimuli, as when one hears their name in a noisy room.

Driving

The act of controlling and operating a vehicle, typically an automobile, as a means of transportation from one location to another.