An important characteristic of money market mutual funds is that
A)
their deposits are insured by FSLIC.
B)
they differ from other mutual funds in return and their potential for default risk.
C)
they have a high degree of interest-rate risk.
D)
most are closed-end mutual funds.
B
Business
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The "bottom line" of the cash flow statement is Net Increase (Decrease) in Cash and Cash Equivalents
Indicate whether the statement is true or false.
Business
Compute the reconciled balance: Bank statement balance: $642.75 Checkbook balance: $685.23 Outstanding checks: $14.82 and $117.70 Outstanding deposit: $125.00 Automatic transfer to savings: $50.00
Business