The Rule Against Perpetuities Does Not Apply to A

question 65

Multiple Choice

The rule against perpetuities does not apply to a:

• A)testamentary trust.
• B)spendthrift trust.
• C)charitable trust.
• D)Totten trust.

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Definitions:

Unemployment

Refers to the situation where individuals who are capable of working and are actively seeking employment cannot find a job.

Automatic Stabilizers

Tools in fiscal policy that adjust spending and taxes automatically to buffer against economic cycles, reducing the effects of inflation and recession.

Tax Credits

Amounts subtracted directly from the taxes owed to the government, incentivizing certain economic activities or investments.

Transfer Payments

Non-compulsory payments made by the government to individuals or other entities, without a direct exchange of services or goods; examples include pensions and subsidies.