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1-What is the main objective of an insurance company and what benefit does it provide to the circular flow as a financial institution? 2-Describe mutual

1-What is the main objective of an insurance company and what benefit does it provide to the circular flow as a financial institution?

2-Describe mutual funds and hedge funds, what are the major differences between the two? How do mutual funds differ from ETFs? Are ETFs a special type of mutual fund?

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