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Which financial institution collects money from individuals and invests it in financial assets?
  • a)
    Commercial bank
  • b)
    Mutual fund company
  • c)
    Insurance company
  • d)
    Development bank
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Which financial institution collects money from individuals and invest...
A mutual fund company is a financial institution that collects money from individuals and invests it in financial assets such as stocks, bonds, and other securities. It provides individuals with the opportunity to invest in a diversified portfolio managed by professionals.
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Which financial institution collects money from individuals and invests it in financial assets?a)Commercial bankb)Mutual fund companyc)Insurance companyd)Development bankCorrect answer is option 'B'. Can you explain this answer?
Question Description
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