Which of the Following Is Not a Proposal to Deal

question 66

Multiple Choice

Which of the following is not a proposal to deal with abuses in the mutual fund industry?

• A) Strictly enforce the 4:00 pm net asset value rule.
• B) Make redemption fees mandatory.
• C) Disclose compensation arrangements for investment advisers.
• D) Increase the number of dependent directors.

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Definitions:

Nullification Crisis

A confrontation between the state of South Carolina and the federal government in 1832-1833 over the state's attempt to nullify federal tariffs.

Secession

The act of withdrawing formally from membership in a federation or body, especially a political state.

Protective Tariffs

Duties levied on goods coming from abroad to safeguard local businesses from overseas competitors by increasing the cost of imports.

Second Seminole War

A conflict from 1835 to 1842 in Florida between the United States and the Seminole tribe, part of a series of conflicts known as the Seminole Wars.