Which of the following statements is true?
a. Money market mutual funds were originally introduced by the Federal Reserve Bank of New York
b. Money market mutual funds initially constituted serious competition to banks and thrifts for the deposits of savers.
c. Money market mutual funds were not originally offered by commercial banks and still are not offered by them.
d. Money market mutual funds represent a pooling of cash assets from many countries, like dollars, francs, and pesos.
e. Money market mutual funds are not able to offer their customers check-writing privileges.
b
You might also like to view...
Amy can produce either 5,000 pounds of cheese or 20 cars per year. Mike can produce either 5,000 pounds of cheese or 10 cars per year. Mike's opportunity cost of producing one pound of cheese is ________ car(s).
A. 1/500 B. 1/10 C. 1/250 D. 500
If a country allows foreign investors to repatriate profits, it will impact its economy by
A. increasing aggregate supply. B. decreasing aggregate demand. C. increasing aggregate demand. D. decreasing aggregate supply.