An intermediary that pools and manages funds for many investors is called ________.

Question

Quizplus · Accepted Answer

An investment company pools and manages funds for many investors, allowing them to access a diversified portfolio of investments that they might not be able to access individually. Credit unions and commercial banks are financial institutions that offer various banking services, while investment bankers provide advice and assistance to corporations and governments for securities offerings and other financial transactions.

An Intermediary That Pools and Manages Funds for Many Investors