Which of the following is not true regarding mutual funds?
A)They are a key financial intermediary.
B)They provide an important service to individual investors seeking to invest funds.
C)Most mutual funds use experienced portfolio managers, so investors do not have to manage the portfolio themselves.
D)They provide a way for individual investors to diversify, but most individual investors are unable to afford the purchase of mutual fund shares.
E)They may offer various services, such as checkwriting privileges.

Question

Quizplus · Accepted Answer

This statement is not true since individual investors can easily afford the purchase of mutual fund shares, which typically have low minimum investment requirements.

Which of the Following Is Not True Regarding Mutual Funds