Which of the Following Statements Is True

question 122

Multiple Choice

Which of the following statements is true?

• A)Money market mutual funds were originally introduced by the Federal Reserve Bank of New York.
• B)Money market mutual funds initially constituted serious competition to banks and thrifts for the deposits of savers.
• C)Money market mutual funds were not originally offered by commercial banks and still are not offered by them.
• D)Money market mutual funds represent a pooling of cash assets from many countries,like dollars,francs,and pesos.
• E)Money market mutual funds are not able to offer their customers check-writing privileges.

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Definitions:

Libertarian

A libertarian is an advocate for minimizing government intervention in personal and economic matters, favoring individual freedom and autonomy.

Income Redistribution

The policy or process by which income is transferred from some individuals to others through mechanisms like taxation, social welfare programs, or other governmental actions to reduce income inequalities.

Yin

In Chinese philosophy, the dark, feminine, passive force part of the Yin-Yang dualism that represents balance in the universe and nature.

Masculine Energy

A concept often associated with qualities such as assertiveness, strength, and independence, traditionally viewed as masculine traits.