Which three of the following statements are correct?
A) Foreign banking in the UK is UK banks conducting transactions in sterling with non- UK residents.
B) The main function and source of profits of wholesale banks is to take deposits and lend money.
C) Unit trusts are open- ended collective investment funds.
D) Pension funds typically invest between 40 and 80 per cent of their funds in shares.
Correct Answer:
Verified
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Q27: The'conflict of preferences' occurs because:
A) Preference shares
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