Amber is interested in investing her money in a mutual fund that invests in short-term debt securities issued by governments and large corporations. She also wants to be able to write checks and reinvest interest income from her investments. Which institution would Amber most likely choose for her investments?

Question

Quizplus · Accepted Answer

In this scenario, Amber would want to invest her money in a special type of mutual fund called a money market fund, which invests specifically in short-term debt securities issued by governments and large corporations. This type of mutual fund offers services such as check-writing privileges and reinvestment of interest income.

Amber Is Interested in Investing Her Money in a Mutual