During the 2007-2009 Financial Crisis, Some Money Market Funds Had

question 52

Multiple Choice

During the 2007-2009 financial crisis, some money market funds had large losses in their holdings, which resulted in the NAV dropping below $1 a share. This is referred to as:

• A)breaking the bank.
• B)breaking the buck.
• C)underfunding liabilities.
• D)marking to market.
• E)negative NAV.

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Definitions:

Prototype

An early sample, model, or release of a product built to test a concept or process, serving as a prototype to validate designs before final production.

Test Participants

Individuals who take part in a test or experiment, often to provide data for research or product development.

Post-test Interviews

Interviews conducted after an experimental test to gather participants' feedback and understanding about the test.

Guided Evaluation

A structured method of assessing something with the assistance or direction of a guide or set of criteria.