If a Mutual Fund Distributes at Least ____ Percent of Its

question 55

Multiple Choice

If a mutual fund distributes at least ____ percent of its taxable income to shareholders, the fund is exempt from taxes on dividends, interest, and capital gains distributed to shareholders.

• A)​25
• B)​50
• C)​75
• D)​90

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Definitions:

Malfunction Indicator Light

A warning light on a vehicle's dashboard that illuminates when the engine management system detects a problem.

Emissions

The exhaust or discharge of substances (typically pollutants) into the environment from various sources, including vehicles.

Federal Test Parameter

Regulations or specifications established by federal agencies for testing products or materials to ensure they meet safety or quality standards.

FTP

File Transfer Protocol, a standard network protocol used for the transfer of computer files between a client and server on a computer network.