A mutual fund's board of directors picks the securities that will be held and makes buy and sell decisions.

Name: A mutual fund's board of directors picks the securities that will be held and makes buy and sell decisions.
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Question

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While a mutual fund's board of directors is responsible for overseeing the mutual fund, it typically hires an investment adviser to make investment decisions, including selecting securities to hold and making buy and sell decisions.

A Mutual Fund's Board of Directors Picks the Securities That