What is the advantage of buying a mutual fund over other types of investments?
A) They include high-reward securities.
B) They are generally low cost.
C) They simplify investment decision making.
D) They are guaranteed by the government.
E) There is less diversification in the types of funds.
Answer: C
Explanation: One advantage of funds is simplifying decision making for individual investors, who don't have to dig into the financial details of various securities.
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