In your textbook, mutual funds that purchase Treasury bills, bank CDs, commercial paper and other short-term securities would be classified as:

Name: In your textbook, mutual funds that purchase Treasury bills, bank CDs, commercial paper and other short-term securities would be classified as:
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Money market funds are a type of mutual fund that invests in short-term debt securities such as Treasury bills, bank CDs, and commercial paper, providing investors with a relatively low-risk investment option.

In Your Textbook, Mutual Funds That Purchase Treasury Bills, Bank