Question

Which statement defines a mutual fund?

Answer 1

Answer: A group of investments that many individual investors hold in common.

Answer 2

Answer:

Option: A is the correct answer.

Mutual Funds are a group of investments that many individual investors hold in common.

Step-by-step explanation:

A mutual fund is a type of financial vehicle made up of a pool of money collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments, and other assets.

They are operated by professional money managers.

Option: A is the correct answer.