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:

Introspection

The review or study of one's own mind and feelings.

Conscious Processes

Mental activities of which an individual is fully aware, involving reasoning, decision-making, and self-awareness.

Objective Experience

Involves experiences that are seen as factual and observable, devoid of personal biases or interpretations.

Contemporary Psychologists

Psychologists who are currently active or have contributed to the field of psychology in recent times, incorporating modern theories and practices.