What Is a Mutual Fund

question 187

Short Answer

What is a mutual fund?
A mutual fund is a pool of funds established by corporate financial managers to provide for short-term business loans.
A mutual fund is a loan to the federal government made by a business firm.
Investors pool resources from individuals and business firms to purchase a portfolio of stocks, bonds, and short-term securities.
A mutual fund consists of money raised by selling a share of ownership in a business firm.
A mutual fund is a product of a mutual life company.

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