What type of funds are typically no-load funds that impose no penalty for early withdrawal and generally allow holders to write cheques against their account?

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Money market funds are typically no-load funds that impose no penalty for early withdrawal and generally allow holders to write cheques against their account. They invest in short-term, low-risk securities and strive to maintain a stable net asset value of $1 per share. Therefore, they are a popular choice for investors who want to park their cash in a safe and liquid place, while earning some interest and having easy access to their funds. Mutual funds, open-end funds, closed-end funds, and balanced funds may or may not have loads, redemption fees, and check-writing privileges, depending on their specific features and objectives.

What Type of Funds Are Typically No-Load Funds That Impose