A mutual fund
A)is a financial institution that stands between savers and borrowers.
B)is a financial intermediary.
C)allows people with small amounts of money to diversify their holdings.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

A mutual fund is a type of financial institution that serves as a financial intermediary between savers and borrowers, allowing people with small amounts of money to diversify their holdings by investing in a pool of securities. Therefore, all of the above options are correct.

A Mutual Fund