To Qualify as a Regulated Investment Company, a Fund Must

question 83

True/False

To qualify as a regulated investment company, a fund must distribute at least 50 percent of its taxable income to the shareholders.

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Definitions:

Weapons of Mass Destruction

Weapons capable of causing widespread death and destruction, typically nuclear, chemical, or biological weapons.

Bystander Apathy

The phenomenon in which people are less likely to offer help to a victim when other people are present.

Diffusion of Responsibility

A sociopsychological phenomenon whereby a person is less likely to take responsibility for action or inaction when others are present, often leading to a lack of action in group situations.

Ethnic Identity

A person’s identification with a racial or ethnic group.