An investment company acting as a conduit in the distribution of net investment income, pursuant to IRS rules, is called:
A)balanced
B)diversified
C)regulated
D)dual-purpose

Question

Quizplus · Accepted Answer

regulated. The term "regulated" refers to tax status under Subchapter M of the Internal Revenue Code. This simply means that if a mutual fund or other investment company qualifies for regulated status, the threat of taxation at multiple levels is eliminated.

An Investment Company Acting as a Conduit in the Distribution