Which One of the Following Statements Is Not Characteristic of Mutual

question 92

Multiple Choice

Which one of the following statements is not characteristic of mutual funds?

• A) They are always considered to be financial institutions.
• B) They raise money by selling shares to investors.
• C) They pool the savings of many investors.
• D) They offer professional management and portfolio diversification.

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Definitions:

Cholecystokinin

A hormone secreted by the small intestine that aids digestion by stimulating the gallbladder to release bile and the pancreas to secrete enzymes.

Bile

A substance created in the liver and stored in the gallbladder. Bile is a bitter, yellow-green fluid that is used in the digestion of fats.

Alimentary Canal

The digestive tract from the mouth to the anus, including all the organs involved in digestion and absorption.

Submucosa

The layer of the alimentary canal located between the mucosa and the muscular layer.