A mutual fund is a type of financial intermediary that pools the funds of investors who seek the same general investment objective and invests there in a number of different types of financial claimsMutual funds are only one kind of financial intermediary Bank is the largest intermediary in the financial systemThousands of depositors pool their savings in a bank However, investments in banks entitle the depositors to different financial claims than the one generated by the mutual funds.
Tuesday 22 August 2017
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