A. Can invest in only certain high-quality, short-term investments issued by Federal State and local

B. Try to keep their NAV at a stable $1.00 per share

C. Pay dividends that generally reflect short-term interest rates

IIA

IIA-CFSA · Question #502

Money market funds:

The correct answer is D. All of these. See the full explanation below for the reasoning.

Question

Money market funds:

ACan invest in only certain high-quality, short-term investments issued by Federal State and local
BTry to keep their NAV at a stable $1.00 per share
CPay dividends that generally reflect short-term interest rates
DAll of these

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