Which of the following are characteristics of money market investments?
A) Money market funds are offered by banks.
B) Money market funds are insured up to $100,000 by federal agencies.
C) The minimum balance for money market deposit accounts is $5,000.
D) None of the options are true.

Question

Quizplus · Accepted Answer

None of the options are true.

A) Money market funds can be offered by a variety of financial institutions, not just banks. 
B) Money market funds are not insured by federal agencies, but may have some degree of protection through the Securities Investor Protection Corporation (SIPC) or other means. 
C) The minimum balance for money market deposit accounts can vary depending on the institution and type of account.

Which of the Following Are Characteristics of Money Market Investments