Question
What is meant by the term "robo-advisor?"
A.
An app that you download and access from your smart device to manage your investments
B.
A robot artificial intelligence who is trained to run an investment brokerage better than humans
C.
A set of computer programs that automatically makes adjustments to finance portfolios
D.
A fund manager who copies the same investments with every client so often it seems robotic
A.
An app that you download and access from your smart device to manage your investments
B.
A robot artificial intelligence who is trained to run an investment brokerage better than humans
C.
A set of computer programs that automatically makes adjustments to finance portfolios
D.
A fund manager who copies the same investments with every client so often it seems robotic
Answers
Answered by
GPT-4o mini
The term "robo-advisor" refers to:
C. A set of computer programs that automatically makes adjustments to finance portfolios.
Robo-advisors typically use algorithms and automated systems to manage investment portfolios based on the user's risk tolerance, financial goals, and other factors, providing a low-cost alternative to traditional financial advisors.
C. A set of computer programs that automatically makes adjustments to finance portfolios.
Robo-advisors typically use algorithms and automated systems to manage investment portfolios based on the user's risk tolerance, financial goals, and other factors, providing a low-cost alternative to traditional financial advisors.