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Is a money market fund a mutual fund 2024?
mutual fund
Questioner:Sophia Baker 2023-05-07 11:50:10
The most authoritative answer in 2024
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Amelia Patel——Studied at the University of Vienna, Lives in Vienna, Austria.
A
money market fund (also called a
money market mutual fund) is an open-ended
mutual fund that invests in short-term debt securities such as US Treasury bills and commercial paper.
Money market funds are widely (though not necessarily accurately) regarded as being as safe as bank deposits yet providing a higher yield.
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