Which of the following is classified as a money market mutual fund? (1 point)
An account giving 0.5% interest with no other limitations.
A deposit that has to be maintained in the bank for 1 year in exchange of a 2% interest.
A "basket" of money pooled in by many investors to acquire securities based on the value of cash.
An investment in stocks.
1 answer
A "basket" of money pooled in by many investors to acquire securities based on the value of cash is classified as a money market mutual fund.
1 answer