Asked by
Christina Thomas
on Oct 20, 2024Verified
According to the 2017 Mutual Fund Fact Book, ________ of total assets were in taxable money market funds and ________ were tax-exempt money market funds.
A) 35%; 14%
B) 12.3%; 75%
C) 15.9%; 0.8%
D) 5%; 47%
Taxable Money Market Funds
Investment funds that invest in short-term debt securities and are subject to federal and sometimes state income taxes.
Tax-exempt
Income or transactions that are free from tax at the federal, state, or local level.
- Acquire knowledge about the characteristics and ideas of different mutual fund types.
Verified Answer
AW
Learning Objectives
- Acquire knowledge about the characteristics and ideas of different mutual fund types.