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CTFA · Question #222

Money market mutual funds:

The correct answer is A. Enable individuals and small businesses to invest indirectly in money-market instruments. See the full explanation below for the reasoning.

Investment Management

Question

Money market mutual funds:

Options

  • AEnable individuals and small businesses to invest indirectly in money-market instruments
  • BAre available only to high net-worth individuals
  • CAre involved in acquiring and placing mortgages
  • DAre also known as finance companies

How the community answered

(32 responses)
  • A
    81% (26)
  • B
    6% (2)
  • C
    3% (1)
  • D
    9% (3)

Topics

#money market mutual funds#money market instruments#indirect investment#fund types

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