Which type of mutual fund consists of both stocks and bonds with a combined objective of current income and long-term capital gains?

Name: Which type of mutual fund consists of both stocks and bonds with a combined objective of current income and long-term capital gains?
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Question

Quizplus · Accepted Answer

Balanced mutual funds invest in a mix of stocks and bonds to provide both income through the bonds and the potential for capital appreciation through the stocks, fitting the description given.

Which Type of Mutual Fund Consists of Both Stocks and Bonds