The Investment Advisors Act of 1940 Sets Out Rules to Prevent

question 47

True/False

The Investment Advisors Act of 1940 sets out rules to prevent conflicts of interest, fraud, and excessive fees or charges for mutual fund shares.

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Definitions:

Olfactory Epithelium

A thin layer of tissue, deep within the nasal cavity, containing the olfactory receptors; these sensory receptors produce information that is processed in the brain as smell.

Gustation

The sense of taste, one of the five traditional senses, which detects the chemical composition of substances through taste buds.

Taste Buds

Structures, located in papillae on the tongue, that contain the sensory receptors called taste receptors.

Tongue

A muscular organ in the mouth of most vertebrates that manipulates food for mastication and is used in the act of swallowing and articulating speech.