Question: what are unit trust and how do unit trust companies operate? PLEASE GIVE ANSWER IN ESSAY FORM

Answer: The unit in which the people reposes their trust can be caled unit trust.Here unit means a portion of whole say, 2 is a part of 100 units.  Unit trust companies have uses the pool of money the people have deposited with them. They uses the money in secondary equity market, government bond or securities.
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