Which of the following categories of institutions is best described as providing investment management services?
A)Retail banks.
B)Wholesale banks.
C)Investment banks.
D)Insurance companies.
E)Fund managers.

Question

Quizplus · Accepted Answer

Fund managers specialize in providing investment management services by managing and investing money on behalf of clients such as individuals, corporations, and institutional investors. The other institutions listed may offer some investment services, but they do not primarily focus on investment management.

Which of the Following Categories of Institutions Is Best Described