Larkan & Tokodo is a financial institution that sells shares to investors. The funds resulting from the investments are pooled and then invested in large corporate stocks, corporate bonds, government securities, or other assets. Jeremy, a capitalist, invests in Larkan & Tokodo. In this case, Jeremy has invested in a _____.
A) mutual fund
B) credit union
C) commercial bank
D) savings and loan association

Question

Quizplus · Accepted Answer

Jeremy has invested in a mutual fund, which pools funds from investors to invest in a diversified portfolio of stocks, bonds, or other securities.

Larkan & Tokodo Is a Financial Institution That Sells Shares