5-68 as a Result of Illegal and Abusive Activities in Recent

question 88

Multiple Choice

5-68 As a result of illegal and abusive activities in recent years,new rules and regulations were imposed on mutual fund companies in 2004.These rules were intended to

• A)close legal loopholes that some fund managers had abused.
• B)improve fund governance.
• C)give investors more information about conflicts of interest.
• D)ensure the accuracy of information given to regulators.
• E)All of the above.

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Definitions:

Food for Peace Program

A U.S. government initiative aimed at reducing hunger and enhancing food security internationally through food aid and development assistance.

Foreign Exchange

Foreign Exchange, often referred to as forex, is the global market for trading currencies, allowing the conversion from one currency to another, crucial for foreign trade and business.

Favorable Repayment Terms

Conditions of a loan that are beneficial to the borrower, such as lower interest rates or longer repayment periods.

Foreign Aid

Financial or material assistance provided by one country to another, often aimed at supporting economic development, health initiatives, or disaster relief.