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.

---

Definitions:

Paper Used

The utilization of paper for various purposes such as writing, printing, or packaging.

Energy Required

The amount of energy needed to perform a specific task or to maintain the operation of devices or organisms.

Costs

The amount of money required to purchase goods or services, or the expenditure incurred in the production of goods or services.

Past Communications

The term refers to previous exchanges of information or dialogues between parties, which could be in the form of emails, letters, meetings, etc.