A(n)____ Is an Investment Company That Accepts Money from Savers

question 32

Multiple Choice

A(n) ____ is an investment company that accepts money from savers and then use these funds to buy various types of financial assets.

• A) savings and loans
• B) insurance company
• C) mutual savings bank
• D) mutual fund
• E) commercial bank

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Definitions:

In Rem Jurisdiction

Court jurisdiction over a defendant’s property.

Resident of Illinois

A person who legally lives in or has established domicile in the state of Illinois, USA.

Warehouse Ownership

The possession and control over a warehouse facility, often involving responsibilities for the stored goods.

Remedies

Legal means to enforce a right or redress a harm.