The monetary asset management service provided by a mutual fund is a
A)money market mutual fund accounts.
B)money market mutual fund accounts
C)savings accounts.
D)All of these.

Question

Quizplus · Accepted Answer

The monetary asset management service provided by a mutual fund is primarily through money market mutual fund accounts, which invest in short-term, low-risk, highly liquid financial instruments such as treasury bills, commercial paper, and certificates of deposit. Savings accounts are typically provided by banks and credit unions, while term deposits are offered by banks and other financial institutions.

The Monetary Asset Management Service Provided by a Mutual Fund