The Largest Proportion of Long-Term Mutual Fund Assets Is Held

question 45

Multiple Choice

The largest proportion of long-term mutual fund assets is held by ________.

• A)bank trusts and estates
• B)the household sector
• C)nonfinancial corporate business
• D)private pension funds
• E)life insurance firms

Understand the changing age demographics in the United States and their societal implications.

Contrast the concepts of direct democracy and representative democracy.

Evaluate the strengths and weaknesses of a democratic form of government compared to nondemocratic forms.

Understand the compatibility of economic inequality with democratic forms of government.

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Definitions:

Operating Expenses

Costs associated with the day-to-day operations of a business such as rent, salaries, and utilities.

Revenues

Income generated from normal business operations and includes discounts and deductions for returned merchandise.

Net Income

The total earnings of a company after subtracting all expenses, including taxes and operating costs, from its total revenues.

Operating Expenses

Costs associated with the day-to-day operations of a business, such as rent, utilities, and salaries, excluding direct production costs.