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What term refers to a company that invests in other companies on behalf of its investors? a) An investment bank b) A mutual fund c) A security d) A stock exchange
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What term refers to a company that invests in other companies on behalf of its investors?

a) An investment bank
b) A mutual fund
c) A security
d) A stock exchange

User Korey Hinton
by
4.7k points

1 Answer

6 votes

Answer:

It's b

Step-by-step explanation:

Mutual funds operate by collecting money from investors and then investing that money in a very diverse manner. Because mutual funds invest in securities, stocks, and bonds, they offer limited risk as opposed to buying shares of one company in particular. This is helpful for the average investor who doesn't know a lot about investing.

User Volkan Paksoy
by
4.9k points
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