Money market mutual funds

Question

Quizplus · Accepted Answer

Money market mutual funds may offer limited check-writing features, allowing investors to easily access their funds while still earning interest. None of the other options mentioned are entirely accurate. Money market mutual funds are not necessarily offered by all banks and mutual fund families, as some may choose not to invest in this type of fund. They are not identical to money market deposit accounts, as the two have different structures and insurance protections. Money market funds may invest in a range of securities, but generally focus on short-term options. Finally, they are not guaranteed by the CDIC, as they are not deposit accounts.

Money Market Mutual Funds