A mutual fund pools investors' money and then buys stocks and bonds in many companies in accordance with the purpose of the fund.

Name: A mutual fund pools investors' money and then buys stocks and bonds in many companies in accordance with the purpose of the fund.
Brand: Quizplus
Rating: 4.9 (43 reviews)

Question

Quizplus · Accepted Answer

This is a correct definition of a mutual fund - it is a type of investment vehicle that pools money from multiple investors to purchase a diversified portfolio of stocks or bonds according to a stated investment objective.

A Mutual Fund Pools Investors' Money and Then Buys Stocks