Caroline Campbell is buying shares in a mutual fund that invests in bonds offered by foreign companies and governments.What type of mutual fund is she buying?

Question

Quizplus · Accepted Answer

Caroline is investing in a mutual fund that invests in bonds offered by foreign companies and governments, which is a characteristic of a world bond fund. The other options, such as junk bond fund, intermediate corporate bond fund, municipal bond fund, and short-term government bond fund, do not specifically focus on investing in foreign bonds.

Caroline Campbell Is Buying Shares in a Mutual Fund That