Asked by Nicole Behne on May 17, 2024
Verified
As of 2017, approximately ________ of mutual fund assets were invested in money market funds.
A) 5%
B) 17%
C) 44%
D) 66%
Money Market Funds
Mutual funds that invest in short-term debt securities such as government bonds, treasury bills, and commercial paper, offering investors liquidity and safety.
- Acknowledge the distribution of mutual fund assets across different types of funds like bond funds, equity funds, and money market funds.
Verified Answer
DH
Dominic HolidayMay 22, 2024
Final Answer :
B
Explanation :
According to the Investment Company Institute's 2017 Fact Book, approximately 17% of mutual fund assets were invested in money market funds.
Learning Objectives
- Acknowledge the distribution of mutual fund assets across different types of funds like bond funds, equity funds, and money market funds.