A mutual fund is a

savings account good at multiple banks bank account shared with a relative or friend share of ownership in multiple corporations credit account with multiple corporations

Question

Zechariah Galloway

Business

6 August, 12:29

A mutual fund is a

savings account good at multiple banks bank account shared with a relative or friend share of ownership in multiple corporations credit account with multiple corporations

+1

Answers (1)

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Devan Hopkins · Answer 1

share of ownership in multiple corporations

Explanation:

A mutual fund is an investment vehicle use by investors (generally small investors) to buy/sell stocks, bonds and other securities. The mutual fund has a fund manager that decides how the money (funds) will be invested and that charges a fee for its services. There are three types of mutual funds: equity funds, fixed-income funds, and money market funds.

The main advantage of mutual funds is that you do not need a lot of money to start investing with them, usually around $2,000 or $3,000, but some Mutual Funds require even lower initial investments.

A mutual fund is asavings account good at multiple banks bank account shared with a relative or friend share of ownership in multiple corporations credit account with multiple corporations

A mutual fund is a

savings account good at multiple banks bank account shared with a relative or friend share of ownership in multiple corporations credit account with multiple corporations