An important innovation in the money market was the creation of _________ that pool together funds from many small investors to purchase large denomination money market instruments.

Question

Quizplus · Accepted Answer

Money market mutual funds are designed to pool funds from many small investors, allowing them to invest in large denomination money market instruments that would otherwise be out of reach for individual investors. This innovation has made it easier for small investors to gain access to the money market with less risk.

An Important Innovation in the Money Market Was the Creation