947. Corporations that buy financial instruments with money accepted from savers are classified as

debit funds
credit funds
mutual funds
insurance funds
✅ The correct answer is C.
Corporations that buy financial instruments with money accepted from savers are classified as mutual funds. A mutual fund is a type of financial vehicle made up of a pool of money collected from many investors to invest in securities such as stocks, bonds, money market instruments, and other assets.

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