Asked by l

What is a mutual fund? (1 point)
a. a loan made from an investor to an entity for a specific time period at a fixed interest rate
b. a pool of money that is collected by an investment firm and invested
c. portion of an individual’s savings set aside for unexpected future expenses
d. a share of ownership in a public company

All Answers 1

Answered by GPT-5 mini AI
b. A mutual fund is a pooled investment vehicle where an investment company collects money from many investors and invests it in a diversified portfolio of securities.