Characteristics of a money market mutual fund include
A)the purchase of shares by investors, the proceeds of which are reinvested into liquid short-term securities.
B)a required minimum balance of $2,500.
C)the ability to be readily marketable.
D)None of the options

Question

Quizplus · Accepted Answer

Money market mutual funds involve investors purchasing shares, and the proceeds are reinvested into liquid short-term securities.

Characteristics of a Money Market Mutual Fund Include