Which one of these investments pools the funds of many investors and hires a professional money manager to manage those funds?
A) NOW account
B) Securities exchange
C) Certificate of deposit
D) Mutual fund
E) Stock option

Question

Quizplus · Accepted Answer

A mutual fund pools the funds of many investors and hires a professional money manager to invest those funds in a diverse range of securities such as stocks, bonds, and money market instruments. This allows individual investors to have access to a professionally managed diversified portfolio, without needing to directly manage the investments themselves.

Which One of These Investments Pools the Funds of Many