An investment company pools T bills and CP, then sells shares of ownership. That fund is a:
AMoney market fund
BMutual mining fund
CMunicipal metro fund
DManaged mineral fund
Answer & Solution
Correct answer: A. Money market fund
1. Small investors cannot buy directly.
2. The pooled shares let them in.
3. That vehicle is a money market fund.
_Source: OpenStax Principles of Finance, Chapter 12, US Financial Markets._
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