Which of the Following Observations Concerning Money Market Mutual Funds

question 177

Multiple Choice

Which of the following observations concerning money market mutual funds is not true?

• A)​They are interest-earning accounts provided by brokers.
• B)​They are considered to be near money.
• C)​Depositors are allowed to write checks against their accounts.
• D)​These funds are invested in long-term securities.

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Definitions:

Ingroup

A social group to which a person psychologically identifies as being a member, often contrasting with an "outgroup" which the person does not identify with.

Outgroup

An outgroup is a social group to which an individual does not identify, often viewed with less favor than the in-group or the group to which the individual belongs.

Ingroup

A group to which an individual belongs, feels a sense of identity, and derives a positive self-esteem from membership.

Outgroup

Any group an individual does not belong to or identify with.