A. activity funds
B. mutual funds
C. penalty funds
D. financing funds
✅ The correct answer is option B.
Companies that collects funds from companies and individuals and invest in portfolios of assets 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.
Companies that collects funds from companies and individuals and invest in portfolios of assets 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.