Which of the Following Statements About Mutual Funds Is Correct

question 102

Multiple Choice

Which of the following statements about mutual funds is correct?

• A)A mutual fund is a financial intermediary.
• B)A mutual fund acquires its funds primarily by selling shares to the public.
• C)People who buy shares from a mutual fund accept all of the risk and return associated with the mutual fund's portfolio.
• D)All of the above are correct.

---

Definitions:

Privatized Social Security

A system where social security services are managed by private entities rather than the government, aiming to offer retirement, disability, and survivor benefits.

Healthcare Reform

Efforts to improve or overhaul a country's healthcare system to increase access to health services, improve quality, and reduce costs.

Bush Administration

The era identified by George W. Bush’s presidency, notable for the War on Terror, including the Afghanistan and Iraq wars, following the September 11 attacks.

Deputy Defense Secretary

A high-ranking official in the Department of Defense, acting as the second-in-command and assisting the Defense Secretary in policy-making and administrative duties.