The consolidation of retail savings to make collective investments is called:
A)intermediation
B)funds management
C)superannuation
D)financial planning.
E)All of these.

Question

Quizplus · Accepted Answer

The consolidation of retail savings to make collective investments is called funds management, which refers to the management of mutual funds, exchange-traded funds (ETFs), and other pooled investment vehicles on behalf of investors. Intermediation refers to the process of connecting buyers and sellers in financial markets, while superannuation refers to a retirement savings plan in Australia. Financial planning involves the development of a comprehensive strategy or roadmap for achieving financial goals.

The Consolidation of Retail Savings to Make Collective Investments Is