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Quiz 19: Investment Companies
Money Market Mutual Funds Invest in Commercial Paper, Large Bank
Question 4
True False
Money market mutual funds invest in commercial paper, large bank CDs, and short-term government securities.
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Related questions
Q 5
Money market mutual funds are not subject to reserve requirements.
Q 6
Unit investment trusts have a high security turnover rate, increasing their costs over equivalent mutual funds.
Q 7
Income funds are made up of portfolios of mortgage-backed securities only.
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