4-62 Soft Dollars Is a Term Often Used in Reference

question 20

Multiple Choice

4-62 Soft dollars is a term often used in reference to the portion of a fee or commission that is allocated to

• A)research and other advisory services.
• B)custody and escrow services.
• C)clearance and settlement services.
• D)banking services.
• E)back office services.

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Definitions:

Composite Units

A measure used in cost accounting to group heterogeneous products or services into a single unit for costing purposes.