Which of the following is FALSE?
A) Money market mutual funds pool the funds of shareholders and use them to purchase a variety of money market instruments.
B) The interest earned on the instruments invested in by a money market mutual fund minus a small management fee is returned to the shareholders in the fund.
C) When funds are removed from a bank and put into a money market mutual fund, disintermediation has occurred.
D) Money market mutual funds were created in the late 1970s to bring safety, liquidity, and money market rates of interest to individuals while also providing access to their funds through limited check writing.
Correct Answer:
Verified
Q25: CDs issued by foreign branches of commercial
Q26: Which of the following is true?
A) Treasury
Q27: _ are financial institutions located in the
Q28: Which of the following is not a
Q29: Which of the following is FALSE?
A) Commercial
Q31: The _ is the rate at which
Q32: The _ is the rate at which
Q33: Which of the following has the lowest
Q34: Which of the following is TRUE?
A) The
Q35: Which of the following money market instruments
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