An important feature of money market mutual fund shares is
A)deposit insurance.
B)the ability to write checks against shareholdings.
C)the ability to borrow against shareholdings.
D)claims on shares of corporate stock.

Question

Quizplus · Accepted Answer

Money market mutual fund shares allow investors to write checks against their shareholdings, which is a convenient way to access funds for expenses without having to sell shares or withdraw money from the account. Choices A, C, and D are not features of money market mutual fund shares.

An Important Feature of Money Market Mutual Fund Shares Is