Which One of the Following Statements Concerning Mutual Funds Is

question 7

Multiple Choice

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

• A) A mutual fund is a non-depository institution.
• B) Mutual funds are financial intermediaries that raise money from investors by selling shares.
• C) Over 60 percent of all RRSP assets are invested in mutual funds.
• D) Mutual fund investors are direct owners of a portfolio of securities.

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Definitions:

Recruitment

The process of identifying, attracting, interviewing, selecting, hiring, and onboarding employees.

Current Employees

The group of individuals who are currently employed and actively working within an organization.