Which One of the Following Statements Concerning Mutual Funds Is

question 87

Multiple Choice

Which one of the following statements concerning mutual funds is correct?

• A) The selection of individual securities remains with the mutual fund investor.
• B) Mutual funds were first created in the 1980s.
• C) The mutual fund industry is the largest financial intermediary in the United States.
• D) Mutual funds are generally highly concentrated portfolios.

---

Definitions:

Earth's Capital

Refers to the planet's natural resources and ecosystems that provide essential goods and services for human survival and economic activity.

Sustainable Incomes

Earnings generated in ways that do not deplete resources or harm the environment, ensuring long-term economic and environmental stability.

Ecology

The branch of biology that studies the interactions among organisms and their environment.

Organisms

Individual living entities that can react to stimuli, reproduce, grow, and maintain homeostasis.