What type of fund 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?

Question

Quizplus · Accepted Answer

A money market fund 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. This makes it the best choice for investors who want to park their money in a low-risk instrument with stable returns.

What Type of Fund Seeks to Achieve a High Level