Financial intermediaries that sell shares to savers and use their funds to buy diversified pools of assets are called:
A) pension funds.
B) insurance companies.
C) mutual funds.
D) commercial banks.

Question

Quizplus · Accepted Answer

Mutual funds sell shares to savers and use the funds to buy diversified pools of assets. Pension funds and insurance companies typically invest money to provide retirement income or insurance benefits to their customers, while commercial banks primarily make loans and hold deposits.

Financial Intermediaries That Sell Shares to Savers and Use Their