A Mutual Fund

question 38

Multiple Choice

A mutual fund

• A)is a financial institution that stands between savers and borrowers.
• B)is a financial intermediary.
• C)allows people with small amounts of money to diversify their holdings.
• D)All of the above are correct.

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Definitions:

Substitute Decision-Maker

An individual appointed or designated to make healthcare or financial decisions on behalf of someone who is unable to make such decisions for themselves.

M'Naghten Standard

A legal standard used to determine if a defendant was insane at the time of committing a crime, focusing on the ability to understand right from wrong.

Actus Reus

In Canadian criminal law, the prohibited physical act that, together with the mens rea, defines a criminal offence.