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.

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Definitions:

Extrinsic Rewards

Rewards that are externally given to motivate behavior or performance, such as money, perks, or recognition.

Ethical Perspectives

The theoretical frameworks through which individuals discern right from wrong in a moral sense.

Ethics Of Leaders

The moral principles and values that guide the behavior and decisions of those in leadership positions.

Recent Phenomenon

An event, trend, or development that has emerged or become prominent in the near past.