Q192
Companies that collects funds from companies and individuals and invest in portfolios of assets are classified as
A.
activity funds
B.
mutual funds
AnswerC.
penalty funds
D.
financing funds
Answer: Option B
Solution
Answer: Option B
Solution:
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.