Tasha invests her savings in a mutual fund called the Salter 500. This fund is based on the S&P 500, which is representative of the stock market as a whole. Tasha's fund is a(n) ____ fund.

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Tasha's mutual fund is based on the S&P 500, which means it is an index fund. Index funds are designed to match the performance of a particular stock market index, like the S&P 500, and are typically low-cost and passive investment options.

Tasha Invests Her Savings in a Mutual Fund Called the Salter