Thinking Mathematically (6th Edition)

Published by Pearson
ISBN 10: 0321867327
ISBN 13: 978-0-32186-732-2

Chapter 8 - Personal Finance - 8.5 Annuities, Methods of Saving, and Investments - Exercise Set 8.5 - Page 538: 44

Answer

A mutual fund is a group of investments managed by a professional investor.

Work Step by Step

A mutual fund is a group of investments managed by a professional investor. Normally, a mutual fund is diversified as it includes both low-risk and high-risk investments.
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