A mutual fund that seeks to achieve a high level of income and liquidity through investment in short-term money market instruments, such as T-bills, commercial paper, and short-term government bonds is __________________

Question

Quizplus · Accepted Answer

A money market fund is a type of mutual fund that invests in short-term, low-risk debt securities, such as T-bills and commercial paper, to generate income and provide liquidity. The goal of the money market fund is to provide investors with a safe and stable investment option that can be easily converted to cash, making it an ideal choice for short-term financial goals and emergency funds.

A Mutual Fund That Seeks to Achieve a High Level