Which of the Following Is Not a Characteristic of a Unit

question 13

Multiple Choice

Which of the following is not a characteristic of a unit trust?

• A) Income is distributed to the parties according to their respective unit holdings in the trust.
• B) Holds a collection of assets on behalf of various members rather than only family members.
• C) Provides the trustee with discretion, according to the trust deed, over who receives distributions from the trust.
• D) Usually concentrates on a particular investment such as equity, property or cash management.

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Definitions:

Consolidation

The process of stabilizing a memory trace after the initial acquisition, making it more durable and long-lasting.

Brain Circuits

Networks of neurons in the brain that work together to process specific types of information and perform certain tasks.

Long-Term Memories

Memories that can last from a few days to a whole lifetime, storing a vast amount of information.

Long-Term Storage

In psychology, the phase of memory in which information is retained indefinitely, allowing for recall of experiences and knowledge over long periods.