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Author Question: Which of the following statements best describes a money market mutual fund? A) It pools funds from ... (Read 110 times)

chads108

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on: Jul 14, 2018
Which of the following statements best describes a money market mutual fund?
 A) It pools funds from many investors and uses these funds to purchase very safe, highly liquid securities.
  B) It is a short-term marketable IOU issued by the U.S. federal government.
  C) It is the part of a firm's net income that it reinvests.
  D) It is a financial agreement between a firm and a bank in which the bank pre-approves credit up to a specified limit.

Question 2

A corporation is perhaps the easiest form of business to organize.
 
 Indicate whether the statement is true or false


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xthemafja

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Reply #1 on: Jul 14, 2018
Answer to Question 1

A

Answer to Question 2

False


chads108

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Reply 2 on: Jul 14, 2018
YES! Correct, THANKS for helping me on my review

meganmoser117

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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