Which of the Following Is a Drawback of a Money

question 3

Multiple Choice

Which of the following is a drawback of a money market fund from an investment company?

• A) Penalty if money is withdrawn early
• B) Lower rate of interest if redeemed within the first five years
• C) Minimum required holding period
• D) Lack of FDIC insurance
• E) Taxed at a higher rate than other investments

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Definitions:

Criticism

The expression of disapproval of someone or something based on perceived faults or mistakes.

Commitment

A state or quality of being dedicated to a cause, activity, or job; wholehearted devotion.

Situational Approach

A theory of leadership that suggests leaders must adjust their style to fit the development level of their followers or the specifics of the situation.

Directive Behaviors

Leadership actions that involve giving explicit instructions and closely supervising subordinates to ensure compliance and task accomplishment.