USA HISTORY

WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900

SECOND INDUSTRIAL REVOLUTION

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
When a single group of people makes decisions for multiple companies and trade stocks, it is known as a:
A
stock
B
corporation
C
monopoly
D
trust
Explanation: 

Detailed explanation-1: -The four main types are living, testamentary, revocable and irrevocable trusts.

Detailed explanation-2: -With that said, revocable trusts, irrevocable trusts, and asset protection trusts are among some of the most common types to consider.

Detailed explanation-3: -What Is a Trust Company? A trust company is a legal entity that acts as a fiduciary, agent, or trustee on behalf of a person or business for the purpose of administration, management, and the eventual transfer of assets to a beneficial party.

Detailed explanation-4: -It is a fiduciary relationship between two parties. One of the parties, the trustor, grants the other party, a trustee, the right of a specific asset or property for the welfare of a third party, i.e. the beneficiary. Trusts provide legal protection to the assets of the trustor.

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