Financial Institutions Markets and Money
Quiz 19: Investment Companies
Money Market Mutual Funds Invest in Commercial Paper, Large Bank
Money market mutual funds invest in commercial paper, large bank CDs, and short-term government securities.
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Money market mutual funds are not subject to reserve requirements.
Unit investment trusts have a high security turnover rate, increasing their costs over equivalent mutual funds.
Income funds are made up of portfolios of mortgage-backed securities only.
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