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TRUST & TREASURY UNIT III

Authored by Geraldyn Borbe

Financial Education

University

Used 2+ times

TRUST & TREASURY UNIT III
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56 questions

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1.

FILL IN THE BLANK QUESTION

1 min • 1 pt

A special relationship of trust and confidence

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

A person who establishes a trust & Owner of the property, transfer the property to the trust

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Responsible for managing and administering a trust, entity with whom the confidence is reposed as regards the management of a property for the benefit of another person/entity

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

the person for whose benefit the trust has been created

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

A fiduciary relationship in which the trustor, gives to the trustee, the right to hold and invest assets or property on behalf of the beneficiary

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Parties involved in a trust

Trustor

Trustee

Beneficiary

Agency

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The person/entity creating the trust must expressly show that he really intended a trust arrangement

Lawful Purpose

Intention to Create a Trust

Trust Property

Intention of a Trust

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