What Is a Mutual Fund

question 31

Multiple Choice

What is a mutual fund?

• A) A mutual fund is a pool of funds established by corporate financial managers to provide for short-term business loans.
• B) A mutual fund is a loan to the federal government made by a business firm.
• C) Investors pool resources from individuals and business firms to purchase a portfolio of stocks, bonds, and short-term securities.
• D) A mutual fund consists of money raised by selling a share of ownership in a business firm.
• E) A mutual fund is a product of a mutual life company.

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Definitions:

Societal Rules

The norms, laws, and regulations that govern behavior within a society, shaping interactions and maintaining order.

Gestures

Physical movements made with parts of the body, especially the hands and arms, to express ideas or feelings.

Diversity

The inclusion of individuals from a wide range of backgrounds, cultures, and perspectives in a group or organization.

Workplace

A location where people are employed and perform tasks related to their jobs.