Which of the following organizations/entities does a mutual fund appoint to collect money received from the fund's purchasers and from portfolio income, as well as to arrange for cash distributions? a) A fund custodian. b) A fund distributer c) A fund principal. d) A fund manager

Which of the following organizations/entities does a mutual fund appoint to collect money received from the fund's purchasers and from portfolio income, as well as to arrange for cash distributions? a) A fund custodian. b) A fund distributer c) A fund principal. d) A fund manager

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter13: Investing In Mutual Funds, Etfs, And Real Estate

Section: Chapter Questions

Problem 2LO

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Question

Which of the following organizations/entities does a mutual fund appoint to collect money received from
the fund's purchasers and from portfolio income, as well as to arrange for cash distributions? a) A fund
custodian. b) A fund distributer c) A fund principal. d) A fund manager

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