Money market mutual funds fall into which of the following categories?

Question

Quizplus · Accepted Answer

Money market mutual funds fall into the M3 category, which includes currency circulating in the economy, demand deposits with commercial banks, and other liquid assets that are easily converted into cash. M4 includes the M3 money supply plus other investments, such as certificates of deposit and Eurodollars, which are not relevant to money market mutual funds. M2 includes M3 plus savings deposits, and M1 includes only the most liquid forms of money, such as cash and checking account balances.

Money Market Mutual Funds Fall into Which of the Following