A ____ of funds exists when one investment company manages a group of mutual funds.
A) balance
B) conglomerate
C) collage
D) collection
E) family

Question

Quizplus · Accepted Answer

A group of mutual funds managed by one investment company is known as a family of funds. Option B, conglomerate, may refer to a large corporation consisting of many smaller companies, but it is not applicable in the context of mutual funds management. Options A, balance, C, collage, and D, collection, do not accurately describe the concept of a group of mutual funds managed by one investment company.

A ____ of Funds Exists When One Investment Company Manages