Which of the Following Statements Best Describes a Money Market

question 94

Multiple Choice

Which of the following statements best describes a money market mutual fund?

• A) It pools funds from many investors and uses these funds to purchase very safe, highly liquid securities.
• B) It is a short-term marketable IOU issued by the U.S. federal government.
• C) It is the part of a firm's net income it reinvests.
• D) It is a financial agreement between a firm and a bank in which the bank pre-approves credit up to a specified limit.

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Definitions:

Bones

Rigid organs that form part of the endoskeleton of vertebrates, providing support, protection, and facilitating movement.

Facial Bone

Any of the bones surrounding and forming the human face, including the mandible, maxilla, and nasal bones.

Ethmoid

A spongy bone located between the eyes and forming part of the nasal cavity and the orbits of the eyes.

Maxillary

Pertaining to the maxilla, the upper jaw bone that holds the upper teeth and plays a key role in forming the structure of the face.