Money market funds: - 3819

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Money market funds:

          a.   are one of the oldest forms of mutual funds.

          b.   typically invest in a diversified portfolio of short-term, high-grade debt instruments.

          c.   are generally very profitable but fail to provide liquidity to the small investor.

          d.   typically sell shares to the public in $5,000 denominations.


Solution Description

Money market funds:

          a.   ar