Investing in a money market mutual fund is a higher risk than investing in a certificate of deposit because unlike CDs, money market mutual funds _____.
(A) Are not insured by the FDIC.
(B) Do not earn a fixed interest rate.
(C) Must be held for a preset amount of time.
(D) Are not protected by the Securities and Exchange Commission.
Ans: (A) Are not insured by the FDIC.
Business
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