Home › BAF (Bachelor of Accounting & Finance) › Financial Management › Securities Markets › A firm that pools investors' money to buy a sele…
A firm that pools investors' money to buy a selection of securities is a:
AManual fund
BMunicipal fund
CMerchant fund
DMutual fund
Answer & Solution
Correct answer: D. Mutual fund
1. Many investors' money is combined.
2. The holdings match stated goals.
3. It is a mutual fund.
_Source: OpenStax Introduction to Business, Chapter 16, Understanding Financial Management and Securities Markets._
Related questions
In the weakest of those forms, prices already reflect all:The three forms of market efficiency identified are strong, semi-strong and:Because that dividend stream is constant, preferred stock is well valued using the:The steady dividend on preferred stock makes it seem more like:Many firms issue preferred stock that can later be exchanged for ordinary shares. That is The word preferred refers to those shareholders receiving dividends before:Unlike bonds, preferred stock has no:Equity that offers preferential claims in ownership is: