Most Money Market Mutual Funds Set Their Net Asset Value

question 40

Multiple Choice

Most money market mutual funds set their net asset value at a fixed ____ per share.

• A) $1
• B) $10
• C) $100
• D) $1,000

---

Definitions:

Negotiated

The process of trying to reach an agreement through discussion and compromise on terms of a contract, price, or other business arrangements.

Holder

In the context of financial instruments, a person in possession of a bill of exchange, check, or note that is payable to him or to bearer.

Transferee

A person or entity that receives property, rights, or a legal interest from another (the transferor) through a legal transfer process.

Transferor

An individual or entity that transfers property, rights, or interest to another.