The Type of Investment That Combines and Invests the Funds

question 71

Multiple Choice

The type of investment that combines and invests the funds of many individual investors under the guidance of professional managers is called a(n)

• A) NOW account.
• B) securities exchange.
• C) prospectus.
• D) mutual fund.
• E) option fund.

---

Definitions:

Tuna Steaks

Thick cuts of tuna fish meat, often cooked by grilling, broiling, or searing, popular in various culinary traditions.

Comparative Advantage

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than others.

Goodwill

An intangible asset that arises when a buyer acquires an existing business, representing the value of the business's reputation, brand, and ongoing relations.

Comparative Advantage

The capacity of an entity to generate a product or service with a smaller opportunity cost compared to others.