An old will can
A)
be revoked by simply stating so in a new will.
B)
not be automatically revoked because of either marriage, divorce or the birth of a child.
C)
be revoked only with the consent of a probate judge.
D)
never be amended or changed.
A
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Marketability is the ability of an investor
A) to sell a security quickly, at a low transaction cost, and at a price close to its fair market value. B) to sell at a profit under all circumstances. C) to sell the security above its par value. D) None of the above.
What is the advantage of exchange-traded funds (EFTs) over mutual funds?
A) They can be traded throughout the day like a stock. B) The cost of the fund management is passed on to the holder. C) They do not require the services of a broker to complete a transaction. D) They allow for frequent trading with lower overall transaction fees. E) They regularly out-perform mutual funds.