Which of the Following Statements Is Not Characteristic of Mutual

question 32

Multiple Choice

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

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

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Definitions:

Tariff

A tax imposed on imported goods and services, tariffs are used by governments to control trade, protect domestic industries, or generate revenue.

Imported Oil

Oil brought into a country from another country to meet its demand for energy and petroleum products.

Tariff

A tax imposed by a government on imports or exports of goods.

Imported Oil

Oil that is brought into a country from abroad for use as fuel or raw material in various industries.