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A Money Market Fund Differs from the Money Market Account

Question 70

Multiple Choice

A money market fund differs from the money market account offered by banks primarily in that the former:


A) offers lower rates of interest than a bank money market account.
B) represents a pool of funds,not a specialized,individual checking account.
C) does not invest in government bonds,only securities issued by private companies.
D) does not offer services such as check-writing privileges and reinvestment of interest income.
E) invests exclusively in long-term debt securities issued by large corporations.

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