Question: Elliot invests $ 2 5 , 0 0 0 by purchasing 1 , 0 0 0 shares of an emerging markets mutual fund. This mutual

Elliot invests $

25, 000

by purchasing

1, 000

shares of an emerging markets mutual fund. This mutual fund invests in companies in Brazil, India, and China. He bought the mutual fund from the mutual fund company.

is this direct transfer, indirect transfers through investment banks, or indirect transfers through financial intermediaries?

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