American_Bankers_Association
CTFA · Question #77
Which one of the followings is a mutual fund that pools the funds of many small investors and purchases high-return, short-term marketable securities?
The correct answer is C. Money market mutual funds. See the full explanation below for the reasoning.
Investment Management
Question
Which one of the followings is a mutual fund that pools the funds of many small investors and purchases high-return, short-term marketable securities?
Options
- AMoney market deposit account
- BNegotiable order of withdrawal account
- CMoney market mutual funds
- DAsset management account
How the community answered
(23 responses)- A9% (2)
- B4% (1)
- C70% (16)
- D17% (4)
Topics
#money market mutual funds#short-term securities#pooled funds#investment vehicles
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