Umeko works in Manhattan, but a little bit of her heart will always be

QUESTION

Umeko works in Manhattan, but a little bit of her heart will always be home in Japan. For her retirement plan, she selected a mutual fund that focuses on stocks from the Nikkei 225. What type of fund did Umeko invest in?

A) global
B) sector
C) growth
D) index
E) socially responsible

ANSWER

Answer: D
Explanation: D) An index fund invests in stocks from a particular market index, such as the NASDAQ or the Nikkei 225.