What is the primary disadvantage of an ETF?
A) ETFs tend to have lower management fees than comparable index mutual bonds.
B) ETFs usually have no minimum investment amount.
C) Investors have to pay a broker commission each time they buy or sell shares.
D) None of the above are disadvantages of an ETF.
C
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In professional sports, the commissioner has discretionary power in all of the following areas except
A. rule making. B. approval of player contracts. C. resolution of disputes between clubs. D. resolution of disputes over player compensation. E. disciplinary matters between players and clubs.
In 2017, Sayer, who is single, gave an outright gift of $53,000 to a friend, Johnson, who needed the money to pay medical expenses. In filing the 2017 gift tax return, Sayer was entitled to a maximum exclusion of
A. $0 B. $3,000 C. $14,000 D. $28,000