Asked by Georgia Faulkner on Jun 10, 2024
Verified
What is a mutual fund?
Mutual Fund
An investment vehicle made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments.
- Outline the configuration, objective, and classes of financial mechanisms and brokers.
Verified Answer
LG
Lorena GongoraJun 16, 2024
Final Answer :
An institution that sells shares to the public and uses the proceeds to buy a portfolio of stocks and bonds.
Learning Objectives
- Outline the configuration, objective, and classes of financial mechanisms and brokers.
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