A mutual fund is not____
A. owned jointly by all investors
B. a company that manage the investment portfolios of high net worth individuals
C. a pool of funds used to purchase securities on behalf of investors
D. a collective investment vehicles
Answer:B
A mutual fund is not____
A. owned jointly by all investors B. a company that manage the investment portfolios of high net worth individuals C. a pool of funds used to purchase securities on behalf of investors D. a collective investment vehicles