A Money Market Mutual Fund Is

question 525

Multiple Choice

A money market mutual fund is

• A) essentially the same as a checking account.
• B) a time deposit of $100,000 or less.
• C) a time deposit of more than $100,000.
• D) a depository institution that sells shares and buys securities such as U.S. Treasury bills.

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Definitions:

Increasing Opportunity Costs

The concept that the cost of forgoing the next best alternative increases as resources become more specialized in production.

Guns And Butter

A term used to describe a country's decision to allocate its resources between defense and civilian goods.

Production Possibility Frontier

A curve depicting all maximum output possibilities for two or more goods given a set of inputs.

Production Possibility Frontier

A curve depicting the maximum attainable combinations of two products that may be produced with available resources and technology.