Which of the following groups of FIs have experienced the highest percentage growth in assets in the U.S.financial services industry during the past sixty years?

Question

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Investment companies, also known as mutual funds, have experienced the highest percentage growth in assets in the U.S. financial services industry during the past sixty years. This is due to the popularity of mutual funds as an investment tool for individual investors, as well as the growth of retirement savings plans such as 401(k)s, which often invest in mutual funds.

Which of the Following Groups of FIs Have Experienced the Highest