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AP® Macroeconomics

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Mutual Funds and Loanable Funds Market

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Which statement best describes a mutual​ fund?

A

An institution that conducts banking operations but is not a bank, such as a Credit Union.

B

Government bonds sold to the public.

C

Insurance companies who sell insurance to large groups of people.

D

An institution that sells shares to raise money by purchasing portfolio investments.

E

Not-for-profit banks that offer checking, savings and personal loans.