What are money market mutual funds?
Money market mutual funds are interest-earning accounts provided by brokers who pool funds into investments such as Treasury bills. These funds are invested in short-term securities, and depositors are allowed to write checks against their accounts subject to certain limitations. They are highly liquid assets and as such are considered as near money.
You might also like to view...
If Daniel produces one pair of shoes in 4 hours and Sarah produces one pair of shoes in 3 hours, then
a. Sarah has a comparative advantage in shoemaking b. Daniel has a comparative advantage in shoemaking c. Sarah has an absolute and a comparative advantage in shoemaking d. Daniel has an absolute and a comparative advantage in shoemaking e. Sarah has an absolute advantage in shoemaking
Which of the following statements is true?
a. Emissions-trading is trading that allows firms to buy and sell the right to pollute. b. The Coase Theorem is the proposition that private markets can rarely ever achieve social efficiency. c. The free-rider problem refers to those who ride on public transit systems without paying. d. Government failure has never occurred in the United States.