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Name: _____________________________________________________________________________
18. Which of the following is an advantage that mutual funds have over other investments? a. they have far higher average returns on investment b. they pay higher average interest rates than any other asset c. they make it easy to diversify an investment portfolio d. they are not subject to capital gains tax 19. Paul purchased $3000 worth of stock in Shell Oil Corporation. Three years later he sold it for $4200. Roughly how much capital gains tax did he pay? _ ____________________________________________________________________ PRODUCT PREVIEW 20. The four main asset classes are: _________, _____________, __________, and __________.
1 PT ___
1 PT ___
4 PTS ___
SCORE: ____ / 35 PTS
THE 21st CENTURY STUDENT’S GUIDE TO FINANCIAL LITERACY 217
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