Which of the Following Statements Is NOT a Feature of Public

question 32

Multiple Choice

Which of the following statements is NOT a feature of public unit trusts?

• A) The four main classes of trusts are property, equity, mortgage and fixed interest trusts.
• B) There was enormous growth in public unit trusts during the 1990s.
• C) The majority of mortgages held by a mortgage trust are 'first' mortgages.
• D) Property trusts are generally unlisted as they need notice to sell their physical assets.

---

Definitions:

Airlines

Businesses offering services for the transportation of passengers and goods via aircraft.

Schedule

A plan that outlines specific times at which certain tasks or activities are to be undertaken.

Tacit Collusive Equilibrium

A situation in oligopolistic markets where firms implicitly reach an understanding to keep prices stable and restrain competition without explicit agreement.

Tit-For-Tat Strategy

A strategy in game theory where a player responds to an opponent’s action with similar action, typically used in the context of cooperative and competitive interactions.