A ___________is a type of financial intermediary that pools savings of individuals and makes them available to business and government demanders. Funds are obtained through the sale of shares.

Question

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A mutual fund is a type of financial intermediary that pools the savings of individuals and uses the funds to invest in a diversified portfolio of securities, such as stocks, bonds, and money market instruments. The mutual fund sells shares to investors and uses the proceeds to purchase securities. The returns on the investments are then passed on to the shareholders in the form of dividends, capital gains, or both. Mutual funds provide small investors with access to a diversified portfolio managed by professionals.

A ___________Is a Type of Financial Intermediary That Pools Savings