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20. Which of the following statements concerning a pooled income fund is correct? a. A pooled income fund is created for each individual. b The

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20. Which of the following statements concerning a pooled income fund is correct? a. A pooled income fund is created for each individual. b The pooled income fund is managed by its contributors. c. Pooled income funds invest strictly in taxexempt securities. d . The income of a nooled income fund is naid to the contributors

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