________ are financial intermediaries that pool the resources of many small investors by selling them shares and using the proceeds to buy securities.
A)Pension funds
B)Investment banks
C)Mutual funds
D)Credit unions

Question

Quizplus · Accepted Answer

Mutual funds are financial intermediaries that pool the resources of many small investors by selling them shares and using the proceeds to buy securities. This allows individual investors to have diversification in their investment portfolios without needing to purchase and manage individual securities themselves. Mutual funds are typically managed by professional fund managers who make investment decisions on behalf of the investors in the mutual fund.

________ Are Financial Intermediaries That Pool the Resources of Many