The financial institution that pools funds for individuals and then invests them in both the money and capital markets is a:

Question

Quizplus · Accepted Answer

A managed fund is a financial institution that pools funds from individuals and then invests them in both the money and capital markets. Managed funds are also known as mutual funds or investment funds. Savings banks and credit unions are not typically involved in investing funds in the money and capital markets. Investment banks typically engage in activities such as underwriting, trading securities, and providing financial advisory services to corporations and governments.

The Financial Institution That Pools Funds for Individuals and Then