Characteristics of a money market mutual fund include
A) the purchase of shares by investors, the proceeds of which are reinvested into liquid short-term securities.
B) a required minimum balance of $2,500.
C) the ability to be readily marketable.
D) none of these.

Question

Quizplus · Accepted Answer

Money market mutual funds involve the purchase of shares by investors, and the proceeds are reinvested into liquid short-term securities.

Characteristics of a Money Market Mutual Fund Include