Question

What is a trust?

Answer 1

A Trust is a group of companies with significant market power working as a corporation or a group of corporations cooperating with each other in several ways.

The correct answer is alternative D) "a large company or combined businesses that control a specific market "

This alternative clearly describes the cooperation of companies in a specific market.

One company, even if it's the result of a merger doesn't count as a trust.

They don't need to be determined by their location, so alternative B is out of the question.

Buying another business doesn't make you a trust.

Answer 2

The correct answer is D) a large company or combined businesses that control a specific market.

A trust is a large company or combined businesses that control a specific market.

In financial terms, a trust is one of many options to manage your finances and create wealth. A trust is a fiduciary arrangement in which a trustee operates assets with the permission of the beneficiaries. This way, the beneficiaries choose what to do with the assets and how they have access to the benefits. There are some kinds of trusts such as the Type "A" trust, the Charitable trust, or the Credit Shelter trust.