Both the Dow Jones Industrial Average and the Standard and Poors

question 79

True/False

Both the Dow Jones Industrial Average and the Standard and Poors 500 Index are constructed to reflect the value of shares in large, mid-size and smaller companies.

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Definitions:

Estate Tax

Estate Tax is a tax levied on the net value of the estate of a deceased person before it is distributed to the heirs, applied in certain jurisdictions.

Trust Fund

A trust fund is a legal arrangement in which assets are held by a trustee for the benefit of another party, often used for estate planning or to manage assets for individuals or charities.

Demonstrative Legacy

A bequest in a will that specifies a particular asset or monetary source to fund the gift.

Probate

The legal process of administering a deceased person's estate, including the resolution of any claims and the distribution of assets under a will.