Hugh Jackson is thinking about buying an investment.The investment option that he is thinking about buying is an investment where investors pool their money.One of the key features is that it is managed by professional managers.What investment is Hugh thinking about purchasing?
A)Common stock
B)Preferred stock
C)Corporate bond
D)Real estate
E)Mutual fund

Question

Quizplus · Accepted Answer

Hugh Jackson is considering purchasing a mutual fund, which is characterized by investors pooling their money together to invest in a diversified portfolio of assets. These funds are managed by professional managers, which aligns with the key feature mentioned.

Hugh Jackson Is Thinking About Buying an Investment