1. Effective tax minimization strategies would include all of the following except (3 answers apply)
   1. Employing tax evasion by using unsubstantiated high costs for capital gains calculations.
   2. Extending sale dates so gains qualify for long term treatment
   3. Making early withdrawals from IRA accounts rather than utilizing funds from taxable accounts
   4. Minimizing contributions to retirement accounts
   5. Matching losses with gains
   6. Investing in low turnover investment funds
2. True or False: Purchasing a mutual fund is a form of Direct investing.
   1. False
   2. True
3. True or False: Closed End Mutual Funds always trade at Net Asset Value (NAV).
   1. False
   2. True
4. True or False: Purchasing an ETF is a form of Indirect investing.
   1. False
   2. True