Money market mutual funds are accounts that are

Question

Quizplus · Accepted Answer

Money market mutual funds are typically offered by brokerage and insurance firms. They invest in high-quality, short-term debt securities and aim to provide investors with a stable income stream along with preservation of principal. They are not insured by the federal government and typically pay interest income, making option B incorrect. Option A is also incorrect, as these accounts are not typically offered by banks.

Money Market Mutual Funds Are Accounts That Are