A(n)________ Fund Is a Private Investment Company That Invests in a Wide

question 59

Multiple Choice

A(n) ________ fund is a private investment company that invests in a wide range of risky investments.

• A) sector
• B) hedge
• C) mutual
• D) index

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Definitions:

Fiat Money

Currency that a government has declared to be legal tender, but it is not backed by a physical commodity.

The Euro

The official currency of 19 out of the 27 European Union countries, which forms a significant part of the world's economy.

Specialization In Production

The process by which individuals, businesses, or countries focus on producing a narrow range of goods or services to gain greater efficiencies.

Standard Of Living

Represents the level of wealth, comfort, material goods, and necessities available to a person, community, or society.