Which One of the Following Would Best Describe a Mutual

question 314

Multiple Choice

Which one of the following would best describe a mutual fund?

• A) an investment that is available at many banks and is FDIC insured
• B) a company that manages a portfolio that is purchased by pooling the money of its investors
• C) a debt contract that is issued by a company and offers interest payment on the loan
• D) ownership of shares in a corporation with no guarantee the company will be profitable

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