Question

What is a mutual fund?

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

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

Answer 1

Answer: B: a company that collects money from people to insure their loss of income.

Explanation:this the right answer