IIA
IIA-CFSA · Question #191
IIA-CFSA Question #191: Real Exam Question with Answer & Explanation
Sign in or unlock IIA-CFSA to reveal the answer and full explanation for question #191. The question stem and answer options stay visible for context.
Question
___________ are a type of mutual funds that is required by law to invest in highly liquid and low-risk securities such as certificates of deposits or government securities. These funds pay dividends that generally reflect short-term interest rates and are not federally insured. Due to low-risk nature of the investments, these funds rarely lose money.
Options
- AMoney market funds
- BTrust funds
- CCollateral funds
- DIndex funds
Unlock IIA-CFSA to see the answer
You've previewed enough free IIA-CFSA questions. Unlock IIA-CFSA for full answers, explanations, the timed quiz mode, progress tracking, and the master PDF. Question stem and options stay visible so you can still see what's on the exam.