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An intermediary that pools and manages funds for many investors is called an investment company.
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What is an investment company?</h3>
- A corporation or trust that invests pooled cash in financial securities is known as an investment company.
- Financial firms can be privately or publicly owned, and they manage, sell, and market investment products to the general public.
- BlackRock Funds (iShares), Vanguard, and Charles Schwab are three of the world's largest investment management firms.
- Each of these institutions offers hundreds of mutual funds, exchange-traded funds, and other vehicles covering many asset classes to retail consumers.
Therefore, an intermediary that pools and manages funds for many investors is called an investment company.
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Answer: mediator
Explanation: Mediator refers to an unbiased individual who gets involved on issues or conflicts between two or more people with the aim of resolving or quelling the trouble. The mediator may be an older or more experienced individual in the field or subject of discussion which can enlighten the conflicting parties and proffer adequate solution. In the context above, the professor assumed the role of a mediator.