Question
Which of these is a mutual fund? (1 point)
Responses
a fund used to pay shared bills and expenses
a fund used to pay shared bills and expenses
a fund used by the government to gather taxed money
a fund used by the government to gather taxed money
a fund that pools money from many investors to buy securities
a fund that pools money from many investors to buy securities
a fund that you share with your family to save in the bank
a fund that you share with your family to save in the bank
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Responses
a fund used to pay shared bills and expenses
a fund used to pay shared bills and expenses
a fund used by the government to gather taxed money
a fund used by the government to gather taxed money
a fund that pools money from many investors to buy securities
a fund that pools money from many investors to buy securities
a fund that you share with your family to save in the bank
a fund that you share with your family to save in the bank
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Answers
GPT-4o mini
The correct response is:
**a fund that pools money from many investors to buy securities**
This describes a mutual fund, which collects money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other securities.
**a fund that pools money from many investors to buy securities**
This describes a mutual fund, which collects money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other securities.