Which of the Following Statements About Managed Funds Is Incorrect

question 105

Multiple Choice

Which of the following statements about managed funds is incorrect?

• A) The assets of large managed funds may be managed by several professional managers.
• B) A mutual fund is required to use the services of a mutual fund custodian.
• C) Sources of funds for a managed fund may be in the form of monthly payments.
• D) For Australia, recent figures show that the statutory funds of life offices have the largest amounts of assets under management.

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Definitions:

Erikson's Theory

A psychosocial development theory proposed by Erik Erikson that outlines eight stages of psychological development from infancy to late adulthood, each characterized by a specific crisis.

Virtue

A trait or quality deemed morally good, commendable, and valuable in character.

Adolescence

A phase of growth both in body and mind that usually happens from puberty until one becomes a legal adult.

Adolescents

Individuals in the developmental stage between childhood and adulthood, often considered to start with puberty.