Personal Trusts Are Typically Allowed to Engage in Which of the Following

question 29

Multiple Choice

Personal trusts are typically allowed to engage in which of the following investment activities?
I. Buying and selling futures contracts
II. Short selling securities
III. Purchasing and writing options
IV. Buying shares on margin

• A)I only
• B)II and III only
• C)II and IV only
• D)None of the given activities are allowed

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Definitions:

Health Insurance

A type of insurance coverage that pays for medical and surgical expenses incurred by the insured, often including preventive care, diagnostics, treatment, and rehabilitation.

OASDHI

An acronym for Old-Age, Survivors, and Disability Insurance, which is a comprehensive federal benefits program that provides retirement, disability, and survivors benefits.

Flexible Spending Account

Employee-controlled pretax earnings set aside to pay for certain eligible expenses, such as health care expenses, during the same year.

Predictable Health

Predictable health refers to the ability to foresee one's health conditions based on current health metrics, genetic information, or lifestyle choices, potentially allowing for the prevention or better management of diseases.