What is a mutual fund?
A) A mutual fund is a pool of funds established by corporate financial managers to provide for short-term business loans.
B) A mutual fund is a loan to the federal government made by a business firm.
C) Investors pool resources from individuals and business firms to purchase a portfolio of stocks,bonds,and short-term securities.
D) A mutual fund consists of money raised by selling a share of ownership in a business firm.
E) A mutual fund is a product sold by mutual life companies.

Question

Quizplus · Accepted Answer

Investors pool resources from individuals and business firms to purchase a portfolio of stocks,bonds,and short-term securities.

What Is a Mutual Fund