International firms have begun to offer a new product based on the need for nations to put their savings into productive and high-return assets. It is called:

Question

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The product described is commonly known as a sovereign wealth fund, which is essentially a state-owned investment fund that accumulates and manages surplus funds from a country's budget or trade. This allows nations to invest in a diversified range of assets with the goal of generating long-term returns, and to establish a buffer against economic shocks or challenges. Option A, external wealth funds, is not a commonly used term in finance and does not accurately describe the product. Option C, automatic withdrawals, is not related to investment strategies or funds. Option D, sovereign debt accounts, refers to a different type of financial instrument focused on government borrowing and debt management, and is therefore not the correct answer.

International Firms Have Begun to Offer a New Product Based