Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A financial intermediary that creates a diversified portfolio of stocks and then resells that portfolio to individual investors is known as: O 1) a life

image text in transcribed

image text in transcribed
A financial intermediary that creates a diversified portfolio of stocks and then resells that portfolio to individual investors is known as: O 1) a life insurance company. O 2) a mutual fund. 3) a brokerage company. @ 4) a credit card company

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Macroeconomics

Authors: David C. Colander

10th edition

1259663043, 1259663048, 978-1259663048

More Books

Students also viewed these Economics questions