Which of the following is not true with respect to money market mutual funds?
A) They allow small savers to pool their funds to buy a diversified portfolio of money market instruments.
B) They often include securities such as Treasury bills, Treasury bonds, commercial paper, and negotiable CDs.
C) They charge a small management fee.
D) Most funds offer limited withdrawal by check.
B
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In the United States during the late 1990s, the unemployment rate fell from previous years and the inflation rate was lower than in previous years. This set of events is best described by saying that the
A) economy moved to a lower point on its short-run Phillips curve but the short-run Phillips curve did not shift. B) economy moved to a higher point on its short-run Phillips curve but the short-run Phillips curve did not shift. C) long-run Phillips curve shifted rightward. D) short-run Phillips curve shifted downward. E) short-run Phillips curve shifted upward.
The use of bank loans to finance purchases of plant and equipment is most common in which of the following countries?
A) Germany B) Japan C) United States D) United Kingdom