Which of the Following Statements Best Describes a Money Market

question 39

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 that 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:

Rib

A long, curved bone surrounding the chest cavity that protects the heart and lungs and serves as attachment for chest muscles.

Vertebra

One of the individual bones that form the vertebral column in vertebrates, providing structural support and protecting the spinal cord.

Intervertebral Foramen

The opening between adjacent vertebrae through which spinal nerves exit the spinal column.

Spinal Nerves

Nerves that originate from the spinal cord and branch out to various parts of the body, carrying messages to and from the brain.