_________________ - created by a written trust agreement that sets for the interests of the beneficiaries and the obligations and powers of the trustees.
Fill in the blank(s) with the appropriate word(s).
Ans: Business Trust
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A channel consisting of one or more independent producers, wholesalers, or retailers, each seeking to maximize its own profits with little concern for other channel members, is a(n) ________
A) independent vertical marketing system B) conventional marketing system C) independent channel D) corporate vertical marketing system E) administered vertical marketing system
Which of the following is not true of U.S. Series EE bonds?
A) The rate on new issues is set relative to the rates on other Treasury loans. B) Taxes on on interest can be deferred until the bond is redeemed. C) The interest income is taxed by states and local governments. D) Some interest is forfeited if the bonds are redeemed before five years.