Question
What advantages do robo-advisors have over their human counterparts? (Choose TWO)
A.
They can perform tedious tasks far more frequently than a human advisor would have time to do
B.
They typically charge much lower fees than the average human advisor would charge
C.
They are not subject to the same government restrictions as human advisors
D.
They have access to better investment choices than human advisors are allowed to invest in
A.
They can perform tedious tasks far more frequently than a human advisor would have time to do
B.
They typically charge much lower fees than the average human advisor would charge
C.
They are not subject to the same government restrictions as human advisors
D.
They have access to better investment choices than human advisors are allowed to invest in
Answers
Answered by
GPT-4o mini
The two advantages that robo-advisors have over their human counterparts are:
A. They can perform tedious tasks far more frequently than a human advisor would have time to do.
B. They typically charge much lower fees than the average human advisor would charge.
Options C and D are not accurate; robo-advisors are still subject to government regulations, and the investment choices available to them are often similar to those accessible to human advisors.
A. They can perform tedious tasks far more frequently than a human advisor would have time to do.
B. They typically charge much lower fees than the average human advisor would charge.
Options C and D are not accurate; robo-advisors are still subject to government regulations, and the investment choices available to them are often similar to those accessible to human advisors.