Companies that collects funds from companies and individuals and invest in portfolios of assets are classified as
A. activity funds
B. mutual funds
C. penalty funds
D. financing funds
Answer: Option B
Solution (By Examveda Team)
Companies that collects funds from companies and individuals and invest in portfolios of assets are classified as mutual funds. A mutual fund is a type of financial vehicle made up of a pool of money collected from many investors to invest in securities such as stocks, bonds, money market instruments, and other assets.This Question Belongs to Management >> International Finance And Treasury
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