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A mutual fund is a financial intermediary that facilitates a combination of direct and indirect finance. It stands as a middle man between savers and borrowers.

A mutual fund primarily issues liabilities in the form of
Select Option deposit contractsscheduled payment contractsshares of ownershipemployee and employer contributions
to savers and holds assets in the form of
Select Option stocks and/or bondsloan contractscomplex financial derivatives
from borrowers.
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