Which of the following is classified as a money market mutual fund?
An account paying 0.05% interest with no other limitation.
A deposit that has to be maintained in the bank for 1 year in exchange of a 2% interest.
A “basket” of money pooled in by many investors to acquire securities based on the value of cash.
An investment in stocks.
The correct option that is classified as a money market mutual fund is:
A “basket” of money pooled in by many investors to acquire securities based on the value of cash.