A 1991 ruling of the Securities and Exchange Commission (SEC) requires that money market funds acquire lower-quality securities only up to ____ percent of their assets.
A) 5
B) 10
C) 15
D) 20
E) None of the above

Question

Quizplus · Accepted Answer

The SEC ruling limits money market funds to acquiring lower-quality securities up to 5 percent of their assets to ensure stability and reduce risk.

A 1991 Ruling of the Securities and Exchange Commission (SEC)