Which of the Following Is Not True Regarding Mutual Funds

question 28

Multiple Choice

Which of the following is not true regarding mutual funds?

• A)They are a key financial intermediary.
• B)They provide an important service to individual investors seeking to invest funds.
• C)Most mutual funds use experienced portfolio managers, so investors do not have to manage the portfolio themselves.
• D)They provide a way for individual investors to diversify, but most individual investors are unable to afford the purchase of mutual fund shares.
• E)They may offer various services, such as checkwriting privileges.

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