Question

What is a mutual fund?

a group that makes loans to investors who sometimes have a history of not paying back their loans


a device for pooling the savings of many investors and investing it in a variety of ways


a group that borrows money from many different sources to lend to its members


a company that collects money from people to insure their families against their loss of income

Answer 1

a device for pooling the savings of many investors and investing it in a variety of ways

Step-by-step explanation:

Answer 2

a device for pooling the savings of many investors and investing it in a variety of ways