Series 6 - Investment Company And Variable Contracts Products Representative Exam
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A customer requests a withdrawal plan from her mutual fund account and currently receives $1,000 per month. This is an example of what kind of plan?
Fixed-dollar periodic withdrawal
A
Contractual
B
Fixed-percentage withdrawal
C
Dollar cost averaging
D
Explanations
Because the customer is requesting a set amount of withdrawal per month, this is a fixed-dollar periodic withdrawal.