Which of the Following Statements Is True About Fund Managers

question 51

Multiple Choice

Which of the following statements is true about fund managers?

• A)Fund managers generally provide payment services and investment products.
• B)Fund managers provide a 'safe haven' for investors' funds.
• C)Fund managers earn an interest rate spread.
• D)Fund managers have both low- and high-risk investment products.
• E)None of these.

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Definitions:

Money Center Banks

Large financial institutions that offer a wide array of services and operate at national or international levels, typically located in major financial centers.

Conventional Banks

Financial institutions that offer a wide range of banking services without following any specific religious or ethical restrictions.

Consumers

Individuals or groups who purchase goods and services for personal use.

Clearing House Interbank Payments System

An electronic payment system operated by major banks for the purpose of settling transactions among themselves.