Q1. What are the two principal criteria for holding assets in multiple accounts, and what criteria can be used to evaluate the effectiveness of the various account structures? A) The two principal criteria are to minimize taxes and achieve effective diversification. The five criteria used to judge the effectiveness of the various account structures are tax efficiency, the implied time horizon, ease of access to assets held therein, degree of control over the management of the assets, and the ability to assign value to assets used to fund the account. B) The two principal criteria are to minimize taxes and facilitate the tax-efficient transfer of assets to heirs or recipients of charitable bequests. The five criteria used to judge the effectiveness of the various account structures are tax efficiency, the implied time horizon, ease of access to assets held therein, degree of control over the management of the assets, and the ability to assign value to assets used to fund the account. C) The two principal criteria are to minimize taxes and facilitate the tax-efficient transfer of assets to heirs or recipients of charitable bequests. The five criteria used to judge the effectiveness of the various account structures are tax efficiency, the implied time horizon, ease of access to assets held therein, degree of control over the management of the assets, and the ability to maximize excess returns.
Q2. Taxes on assets are assessed on: A) accruals and transfers. B) realized returns and transfers. C) total returns and transfers.
Q3. In addition to improving tax efficiency, the use of multiple accounts can: A) broaden the investment universe. B) improve the transparency and simplify record keeping. C) facilitate the transfer of assets to charitable entities.
Q4. The primary motivation for an individual investor to hold assets in multiple accounts is to: A) match investment horizon objectives. B) maximize returns. C) minimize or eliminate taxes.
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发表于 2009-1-20 09:26
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