M: Business 3rd Edition by O. C. Ferrell, Geoffrey Hirt, Linda Ferrell

Exercise 74

If a person invests in the stock market through a vehicle that pools funds from a large number of people and buys and professionally manages stock from a number of diversified companies, that person is investing in a(n)

A. certificate of deposit.

B. individual retirement account.

C. mutual fund.

D. banker’s acceptance.

E. time deposit.