Multiple Choice
Which of the following statements best describes a money market mutual fund?
A) It pools funds from many investors and uses these funds to purchase very safe, highly liquid securities.
B) It is a short-term marketable IOU issued by the U.S. federal government.
C) It is the part of a firm's net income that it reinvests.
D) It is a financial agreement between a firm and a bank in which the bank pre-approves credit up to a specified limit.
Correct Answer:
Verified
Correct Answer:
Verified
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