If an Individual Confers Legal Title to Property to Another

question 24

Multiple Choice

If an individual confers legal title to property to another person or institution to manage the property on their behalf, the individual has created ________.

• A) a personal trust
• B) a charitable trust
• C) an endowment fund
• D) a mutual fund

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Definitions:

Productivity Growth

The increase in the output of goods and services per unit of input, such as labor or capital, over a specific period.

Computers

Electronic devices that are designed to store, process, and retrieve data efficiently and accurately.

U.S.

Refers to the United States of America, a country consisting of 50 states and a federal district, known for its significant influence on world affairs.

Per Capita GDP

A measure that calculates the economic output per person by dividing the GDP of a country by its population.