In 2018, the Proportion of US Mutual Funds (Based on Total

question 22

Multiple Choice

In 2018, the proportion of US mutual funds (based on total assets) specializing in common stocks was

• A) 21.7%.
• B) 28.0%.
• C) 55.0%.
• D) 73.4%.
• E) 63.5%.

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Definitions:

Nonprofit Sector

The portion of an economy comprised of organizations that operate to serve public or societal interests rather than to generate profits for owners or shareholders.

Social Welfare Organizations

Groups designed to provide services and support to improve the well-being of society, often focusing on the needs of the disadvantaged.

Private Foundations

Non-governmental, nonprofit organizations with principal funds from a single source, like an individual, family, or corporation, which make grants or donations to other nonprofits to fulfill their philanthropic purposes.

Public Charities

Organizations that qualify for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code, publicly supported and which perform charitable, educational, religious, or scientific activities benefiting the public.