A money market mutual fund is
A) essentially the same as a checking account.
B) a time deposit of $100,000 or less.
C) a time deposit of more than $100,000.
D) a depository institution that sells shares and buys securities such as U.S. Treasury bills.

Question

Quizplus · Accepted Answer

Money market mutual funds are investment funds that pool money from investors to purchase short-term, high-quality securities like U.S. Treasury bills. They are not the same as checking accounts or time deposits, but rather offer a way to earn returns on cash that might otherwise be sitting idle.

A Money Market Mutual Fund Is