Higher Portfolio Turnover I.results in Greater Tax Liability for Investors

question 60

Multiple Choice

Higher portfolio turnover
I.results in greater tax liability for investors
II.results in greater trading costs for the fund,which investors have to pay for
III.is a characteristic of asset allocation funds

• A) I only
• B) II only
• C) I and II only
• D) I, II and III

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Definitions:

Splenic Flexure

The part of the colon where the transverse colon turns downward at the spleen, forming a curve.

Hepatic Flexure

The bend of the colon by the liver, where the ascending colon turns to become the transverse colon.

Transverse Colon

The middle section of the large intestine, running horizontally across the abdomen from right to left.

Palatine Tonsils

A pair of soft tissue masses located at the rear of the throat, part of the immune system.