Question

A ________ mutual fund is a good investment for "rainy day" funds, while a ________ mutual fund is a good type of investment for funds earmarked for retirement in 25 years.

Answer 1

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❏A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities.

❏These investors may be retail or institutional in nature. Mutual funds have advantages and disadvantages compared to direct investing in individual securities

Answer 2

❏A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities.

❏These investors may be retail or institutional in nature. Mutual funds have advantages and disadvantages compared to direct investing in individual securities

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