The development of money market mutual funds contributed to the growth of ________ since the money market mutual funds need to hold liquid,high-quality,short-terms assets.
A)the commercial paper market
B)the municipal bond market
C)the corporate bond market
D)the junk bond market

Question

Quizplus · Accepted Answer

Money market mutual funds invest in short-term, highly liquid assets such as commercial paper, treasury bills, and certificates of deposit. The demand for these assets increases due to the development of money market mutual funds, leading to growth in the commercial paper market.

The Development of Money Market Mutual Funds Contributed to the Growth