________ are financial intermediaries that acquire funds by selling shares to many individuals and using the proceeds to purchase diversified portfolios of stocks and bonds.
A)Mutual funds
B)Investment banks
C)Finance companies
D)Credit unions

Question

Quizplus · Accepted Answer

Mutual funds acquire funds by selling shares to many individuals and using the proceeds to purchase diversified portfolios of stocks and bonds. Investment banks raise capital through underwriting and distributing securities, finance companies provide loans and financing to individuals or businesses, and credit unions are member-owned financial cooperatives.

________ Are Financial Intermediaries That Acquire Funds by Selling Shares