Seniority is being older or more experienced than someone else. An example of the seniority rule would be a 4 year senator being appointed to a committee over a newly elected senator.
Answer:
Donative intent.
Explanation:
Donative intent refers to the conscious desire to make a gift. This is different from giving something for nothing by mistake or under pressure.
Answer:
$31,000
Explanation:
Given:
Janie holds joint account with her mother that has a balance of $562,000. They are covered up to $250,000 each under Federal Deposit Insurance Corporation.
It is assumed by FDIC that all co-owners' shares are equal.
So, Janie's share in the balance = 562,000 ÷ 2
= $281,000
Amount insured = $250,000
Uninsured amount = 281,000 - 250,000
= $31,000
Therefore, Janie's savings worth $31,000 will not be covered by deposit insurance.
Answer:
True
Explanation:
In business, target marketing is a strategy in which the marketing efforts of a firm is centered toward a part of a larger market with great prospect of making profit
Answer:
b) Has a higher expense ratio than an index fund
Explanation:
A mutual fund is a diversified investment tool. The fund is a collection of different types of stocks that form a single investment asset. It is a basket of stock trading as a single asset. Purchasing one unit of a mutual fund is equivalent to purchasing several portions of each stock that make up the mutual fund.
A professional manager manages the mutual fund. He or she carefully selects the stocks that go into the basket forming the mutual fund. The manager charges a professional fee, which is usually a percentage of the investment. Due to this fee, a mutual fund is relatively expensive as compared to an index fund that does not require the input of a manager.
