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:

Cost For Selection

The expenses associated with the process of identifying and choosing the most suitable candidates for employment.

Important Position

A role within an organization or system that holds significant responsibility, influence, or authority, impacting the entity's performance or outcomes.

Host Country National

An individual from the country where a foreign subsidiary or corporation operates, often employed by the foreign entity.

Parent Country National

Employees who are citizens of the country where the headquarters of their employing organization is located, working abroad.