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A Mutual Fund That Seeks to Achieve a High Level

Question 107

Multiple Choice

A mutual fund that seeks to achieve a high level of income and liquidity through investment in short-term money market instruments, such as T-bills, commercial paper, and short-term government bonds is __________________


A) a balanced asset allocation fund
B) a money market fund
C) an equity or common stock fund
D) a specialty fund
E) an ethical fund

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