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OpenStudy (anonymous):
John wants to invest his savings in highly liquid investments. Which of the following financial assets serve this financial goal? stocks bonds money market funds 3-year CDs
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OpenStudy (anonymous):
money market funds?
OpenStudy (anonymous):
Yes
OpenStudy (anonymous):
DEFINITION OF 'MONEY MARKET FUND' An investment whose objective is to earn interest for shareholders while maintaining a net asset value (NAV) of $1 per share. A money market fund’s portfolio is comprised of short-term (less than one year) securities representing high-quality, liquid debt and monetary instruments. Investors can purchase shares of money market funds through mutual funds, brokerage firms and banks.
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