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A bank or trust company that is acting as custodian for a mutual fund does...

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A bank or trust company that is acting as custodian for a mutual fund does which of the following?

A.

guarantees investor losses on investments

B.

provides investment advice to the fund’s managers

C.

redeem and issues fund shares

D.

physically protects the fund’s assets

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FINRA Series-7 Summary

  • Vendor: FINRA
  • Product: Series-7
  • Update on: Jul 25, 2025
  • Questions: 400
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