Mutual funds that purchase Treasury bills,bank negotiable certificates of deposit,commercial paper,and other short-term securities would be classified as

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Mutual funds that invest in Treasury bills, bank negotiable certificates of deposit, commercial paper, and other short-term securities are typically classified as money market funds. This is because they invest in low-risk, short-term debt securities that are considered to be part of the money market. Money market funds are generally considered to be low-risk investments that offer liquidity and stability, making them a popular choice for investors who are seeking to preserve capital and earn a small return on their investment.

Mutual Funds That Purchase Treasury Bills,bank Negotiable Certificates of Deposit,commercial