An open-end fund which invests solely in short-term debt obligations is called a(n)________ mutual fund.

Name: An open-end fund which invests solely in short-term debt obligations is called a(n)________ mutual fund.
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Question

Quizplus · Accepted Answer

A money market mutual fund invests in short-term debt obligations, such as Treasury bills and commercial paper. The focus of this type of fund is on preserving capital and providing liquidity, not on growth or long-term investing. Therefore, the correct choice is C - money market.

An Open-End Fund Which Invests Solely in Short-Term Debt Obligations