Question
Which of the following statements about financial institutions is true?: Group of answer choices The three general types of mutual funds include money market funds,
Which of the following statements about financial institutions is true?:
Group of answer choices
The three general types of mutual funds include money market funds, bond funds, and stock funds.
An investment company's primary source of funds is shares and its primary use of funds is loans
An insurance company's primary source of funds is debt and its primary use of funds is deposits
An insurance company's primary source of funds is reserves and its primary use of funds is loans
A commercial bank's primary source of funds is securities and its primary use of funds is bonds
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