O A. NAV will always be $1.00

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter14: Planning For Retirement
Section: Chapter Questions
Problem 10FPE
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Money market mutual funds (MMMFS) guarantee:
A. NAV will always be $1.00
B. A minimum interest rate
C. Are now federally insured, like bank deposits
D. None of the above
Transcribed Image Text:Money market mutual funds (MMMFS) guarantee: A. NAV will always be $1.00 B. A minimum interest rate C. Are now federally insured, like bank deposits D. None of the above
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