An arrangement that consolidates small amounts of funds to satisfy the demand for large amounts is known as:
A)financial innovation
B)leverage
C)retail banking
D)coincidence of wants
E)pooling of funds.

Question

Quizplus · Accepted Answer

Pooling of funds is the arrangement where small amounts of funds are consolidated to satisfy the demand for large amounts. This is commonly seen in investment funds, where individual investors pool their money together to invest in a diversified portfolio that they couldn't access as individual investors.

An Arrangement That Consolidates Small Amounts of Funds to Satisfy