Choose the Word or Phrase in [ ] Which Will

question 159

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-Usually the management firm of a mutual fund also serves as the [custodian | investment advisor] of the fund.

---

Definitions:

Profits and Losses

It refers to the financial result of a company's operations, indicating the difference between its revenues and expenses.

Billable Hours

The amount of time spent on specific tasks or projects that can be charged to clients, typically used in professional services firms.

Capital Accounts

Accounts that represent the initial and subsequent investments of owners in a business, adjusted for any profits or losses.