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Which Term Is Used to Describe Organizations with a Wide

question 52

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Which term is used to describe organizations with a wide domain-i.e., those that offer a broad range of products and services or that serve a broad market?


Definitions:

Retirement Fund

Financial resources that have been saved and are used to support a person's retirement.

Mutual Fund

An investment vehicle made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments.

Compounded Monthly

The method of determining interest that includes both the original principal sum and the interest that has previously been added up over past months.

Invest

Allocating resources, usually money, in the expectation of generating an income or profit.

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