An Investment That Pools Together Investors' Money in Order to Buy

question 339

Multiple Choice

An investment that pools together investors' money in order to buy securities in many different companies or governments is a

• A) commercial fund.
• B) mutual fund.
• C) holding company.
• D) public investment corporation.

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Definitions:

Privileges and Immunities Clause

A provision in the U.S. Constitution that prevents a state from treating citizens of other states in a discriminatory manner.

Collect Taxes

The process by which a governmental authority requires individuals or entities to contribute to public revenues.

Judicial Review

The power of a court to review legislative and executive actions, such as a law or an official act of a government employee or agent, to determine whether they are constitutional.

Marbury v. Madison

A seminal U.S. Supreme Court case in 1803 that established the principle of judicial review, empowering courts to strike down laws and executive actions they find unconstitutional.