Which of these is a mutual fund? (1 point)

Question

Responses

a fund that pools money from many investors to buy securities
a fund that pools money from many investors to buy securities

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 you share with your family to save in the bank
a fund that you share with your family to save in the bank

Answer 1

The correct response is: a fund that pools money from many investors to buy securities. This is the definition of a mutual fund.