If Betty Has Inherited Significant Wealth but Has Very Limited

question 28

Multiple Choice

If Betty has inherited significant wealth but has very limited investment knowledge,which of the following funds would be least appropriate for her?

• A)Segregated funds
• B)Dividend funds
• C)Hedge funds
• D)Balanced funds

---

Definitions:

Goods and Services

The output of an economy's business activities, encompassing tangible products (goods) and intangible offerings (services).

Progressivity

Refers to the degree to which a tax system taxes higher incomes at higher rates.

OECD Countries

Member countries of the Organisation for Economic Co-operation and Development, which are generally regarded as developed countries with high-income economies.

U.S. Tax System

A system by which the government of the United States funds its operations through the imposition of various types of taxes on individuals and businesses, including income, sales, and property taxes.