Series 26: Exercise

Exercise

Match the description with the type of account

1. A. UGMA accounts
2. B. Transfer on death (TOD) accounts
3. C. Partnership accounts
4. D. Individual accounts
5. E. Corporate accounts
6. F. Joint accounts
7. G. Institutional accounts
8. 1. ___ These accounts can only be opened by a living, competent person who is not a minor.
9. 2. ___ These are accounts of a bank or investment company, a registered investment adviser, or any other business or person with total assets of at least $50 million.
10. 3. ___ These are accounts in which more than one party can access and trade in the account.
11. 4. ___ Accounts where the assets pass to a named beneficiary without having to go through probate.
12. 5. ___ For these accounts, a partnership agreement must be signed, showing who will have trading