Question

A mutual fund Select one: a. is an institution that sells shares to the public and uses the proceeds to buy a selection of various types of stocks, bonds, or both stocks and bonds. b. is a financial market where small firms mutually agree to sell stocks and bonds to raise funds. c. sells stocks and bonds on behalf of small and less known firms who would otherwise have to pay high interest to obtain credit. d. is funds set aside by local governments to lend to small firms who want to invest in projects that are mutually beneficial to the firm and community.

Answer 1

c

Step-by-step explanation:

sells stocks and bonds on behalf of small and less known firms who would otherwise have to pay high interest to obtain credit. d. is funds set aside by local governments