A mutual fund is an example of:
A) a line of credit.
B) an endowment fund.
C) an investment fund.
D) a pension fund.

Question

Quizplus · Accepted Answer

A mutual fund is a type of investment fund in which investors pool their money together to purchase a diversified portfolio of securities, such as stocks, bonds, or commodities. The investment decisions are made by a professional fund manager on behalf of the investors, and the returns are distributed among the investors based on their percentage of ownership in the fund. Mutual funds are not considered a line of credit, endowment fund, or pension fund.

A Mutual Fund Is an Example Of