Mayo, H. B. (2019). Basic finance: An introduction to financial institutions, investments, and management (12th ed.)
At some time in the future, it is expected that the venture will be profitable enough to start making investments. In order to diversify the risks inherent in investing in individual stocks, the enterprise can choose between mutual funds, index funds, and exchange-traded funds. Describe each of these types of funds and explain which type would be the least risky. You may supplement your answer using outside sources.
