Question:

Personal finance?

by  |  earlier

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Discretionary authority allows your broker to invest your money without consulting you about the price, the type of security, the amount, and when to buy or sell.

True

False

2: It is inappropriate to ask your investment professional how much he/she is getting paid.

True

False

3: Investing makes it possible for your money to work for you.

True

False

4: You should compare your investment’s performance against an index of similar investments over the same period of time.

True

False

5: Churning is legal.

True

False

6: You should make sure the investment professional and her firm are registered with the SEC and licensed to do business in your state.

True

False

7: A discount brokerage charges higher fees and commissions for its services than what you’d pay at a full-service brokerage.

True

False

8: A full-service brokerage fees and commissions do not pay for a broker’s investment advice based on that firm’s research.

True

False

9: When you purchase shares of a mutual fund, the fund must provide you with a prospectus.

True

False

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1 ANSWERS


  1. your question sounds/looks like a homework assignment.

    True

    False

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