Which One of the Following Statements Concerning Mutual Funds Is

question 87

Multiple Choice

Which one of the following statements concerning mutual funds is correct?

• A) The selection of individual securities remains with the mutual fund investor.
• B) Mutual funds were first created in the 1980s.
• C) The mutual fund industry is the largest financial intermediary in the United States.
• D) Mutual funds are generally highly concentrated portfolios.

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Definitions:

Injury

Physical harm or damage to an individual's body, or psychological harm to an individual's mental state.

Mens Rea

A legal principle that refers to the mental state a person must be in while committing a crime for it to be intentional.

Prison Sentence

The period of time a person is legally required to spend in prison as punishment for committing a crime.

Public Defender

A lawyer appointed by the court to represent defendants who cannot afford to hire a private attorney in criminal cases.