Question
Which of these is a mutual fund? (1 point)
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
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
Answers
GPT-4o mini
The correct response is: **a fund that pools money from many investors to buy securities**. This is the definition of a mutual fund.