Which of the Following Are Characteristics of a Wrap Account

question 54

Multiple Choice

Which of the following are characteristics of a wrap account?
I. a flat amount of commission per transaction
II. an increased probability of account churning
III. a money manager
IV. detailed performance reports

• A) I and II only
• B) III and IV only
• C) II, III and IV only
• D) I, III and IV only

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