Money market mutual funds are best described as institutions that
A)
invest only in MMDAs.
B)
pool resources of many investors to purchase liquid and high-yielding securities.
C)
issued by the Treasury, commercial banks, and other corporations.
D)
combine short-term securities with long-term securities.
E)
are established by banks and other financial institutions to help depositors manage their liquid assets.
B
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Hospitals and universities are very expensive to run because of the capital and equipment required. The requirement of personnel such as specialized medical doctors and researchers are also high. Which of the following is this an example of?
A. protectionism B. buffering C. barriers to entry D. smoothing E. downsizing
Wallace and Pedersen have equal interests in the capital and profits of the partnership of Wallace and Pedersen, but are otherwise unrelated. On August 1, 2016, Wallace sold 100 shares of Kalmia Mining Corporation to the partnership for its fair market value of $7,000 . Wallace had bought the stock in 2007 at a cost of $10,000 . What is Wallace's deductible loss for 2016 as a result of the sale
of this stock? a. $0 b. $1,500 long-term capital loss c. $3,000 long-term capital loss d. $3,000 ordinary loss e. None of the above