________ are financial intermediaries that raise money from investors by selling shares.

Question

Quizplus · Accepted Answer

Mutual funds are financial intermediaries that raise money from investors by selling shares. These investors' money is pooled to make investments in various stocks, bonds, and other securities. The investments are managed by professional portfolio managers who charge a fee for their services. The returns on investments are distributed among the shareholders. Credit unions, pension funds, and insurance companies are other types of financial intermediaries, but they do not sell shares to raise money from investors.

________ Are Financial Intermediaries That Raise Money from Investors by Selling