Multiple Choice
Which of the following is false concerning the money market mutual funds?
A) Their NAV is always $10 per share.
B) Money market mutual funds are often closed-end funds.
C) Money market mutual funds invest in high quality, low-risk securities.
D) As funds earn interest on the investments, their fund owners are given more shares.
E) Money market mutual funds in general offer a safe investment with relatively low risk.
Correct Answer:
Verified
Correct Answer:
Verified
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