BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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401(k)s
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Mutual funds
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Money market accounts
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Bonds
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Detailed explanation-1: -A mutual fund is a company that pools money from many investors and invests the money in securities such as stocks, bonds, and short-term debt. The combined holdings of the mutual fund are known as its portfolio.
Detailed explanation-2: -An investment club is a group of individuals who meet for the purpose of pooling money and investing; members typically meet on a periodic basis to make investment decisions as a group through a voting process and recording of minutes, or gather information and perform investment transactions outside the group.
Detailed explanation-3: -Investors of mutual funds are known as unitholders. The profits or losses are shared by investors in proportion to their investments. Mutual funds normally come out with a number of schemes which are launched from time to time with different investment objectives.
Detailed explanation-4: -A mutual fund. A professional manager chooses investments that match the fund’s goals for risk and return. You can redeem your fund units at any time. + read full definition is a collection of investments, such as stocks, bonds and other funds owned by a group of investors and managed by a professional money manager.