Charlene Wells wants to invest her summer earnings.She wants less risk,so an investment where investors pool their money is required.Also,since she works all the time,she wants the investment to be managed by professional managers.What type of investment does Charlene want?

Question

Quizplus · Accepted Answer

Charlene wants an investment where investors pool their money, which is characteristic of a mutual fund. Additionally, she wants professional managers to manage the investment, which is also a feature of a mutual fund. Stocks, T-bills, corporate bonds, and real estate do not necessarily involve pooling investments or professional management by a third-party.

Charlene Wells Wants to Invest Her Summer Earnings