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Which one of the following statements concerning mutual funds is correct? A) Mutual funds are...

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Accounting

Which one of the following statements concerning mutual funds is correct?

A) Mutual funds are generally highly concentrated portfolios.

B) The mutual fund industry is the largest financial intermediary in the United States.

C) Mutual funds were first created in the 1980s.

D) The selection of individual securities remains with the mutual fund investor.

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