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When people invest in mutual funds, they are making loans to banks and their investments are insured by the FDIC.

When people invest in mutual funds, they are making loans to banks ...

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When people invest in mutual funds, they are making loans to banks and their investments are insured by the FDIC.

When people invest in mutual funds, they are making loans to banks and their investments are insured by the FDIC.

Answer

False.
Mutual funds are a group of stock market funds (usually) that are held by a large group of people "mutually"

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Virtual Teaching Assistant: Heather L.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 40 words question was answered by Heather L. on StudySoup on 5/31/2017. The question contains content related to Social Studies and Social Science. Since its upload, it has received 106 views.

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