2-19 Money market mutual funds have attracted large amounts of retail savings and retail time deposits from commercial banks in recent years.

Question

Quizplus · Accepted Answer

This statement is true. Money market mutual funds have become increasingly popular among retail investors as they provide a safe and convenient way to invest in short-term debt securities. As a result, many investors have transferred their savings from traditional commercial banks to money market mutual funds.

2-19 Money Market Mutual Funds Have Attracted Large Amounts of Retail