Which type of investment works by taking investors’ money, investing that collective money in stocks, bonds, and other investments, and managing this portfolio for the investors?
A.government bonds
B.common stocks
C.mutual funds
D.savings accounts
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answer is (c) mutual fund
Explanation:
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A mutual fund is a collective investment that pools together the money of a large number of investors to purchase a number of securities like stocks, bonds etc.
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