INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.
-A fund that invests both in foreign and U.S.Securities would be known as [an international | a global] fund.

Question

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. 
-A fund that invests both in foreign and U.S.Securities would be known as [an international | a global] fund.

Quizplus · Accepted Answer

A global fund invests in securities from around the world, including the U.S. An international fund only invests in securities from outside the investor's home country (so a U.S. investor in an international fund would not be investing in U.S. securities). Therefore, a fund that invests in both foreign and U.S. securities would be more accurately described as a global fund.

INSTRUCTIONS: Choose the Word or Phrase in [ ] Which