If Your Broker Tells You That a Trust to Which

question 96

Multiple Choice

If your broker tells you that a trust to which you are a beneficiary has changed and instead of getting $5000 per year starting next year you will be getting $6000 per year but it will be starting the year after next the present value to you has

• A)fallen.
• B)risen.
• C)remained unchanged.
• D)might have either fallen or risen, depending on the interest rate.

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Definitions:

Prospecting

The act of searching for potential customers or clients to generate new business opportunities.

Qualified Prospect

A Qualified Prospect is a potential customer who has been assessed and determined to fit the target market's criteria, showing both interest in and the capacity to purchase a product or service.

Purchasing Agent

An individual who is responsible for buying products, equipment, or services for a company or organization, often negotiating terms and prices.

Secretary

A person employed to handle administrative and office tasks, such as scheduling meetings, managing communications, and maintaining records.