A type of investment that combines and invests the funds of many investors and manages it with a professional manager is called a(n)
A)chequing account.
B)securities exchange.
C)guaranteed investment certificate.
D)mutual fund.
E)option fund.

Question

Quizplus · Accepted Answer

A mutual fund is a type of investment where funds from various investors are pooled together and managed by a professional manager to purchase a diversified portfolio of stocks, bonds, and other securities with the aim of generating higher returns. This allows investors to access a broader range of securities and potentially earn higher returns than they would on their own.

A Type of Investment That Combines and Invests the Funds