A fund investing in t-bills, eurodollar deposits, commercial paper, and repurchase agreements is probably a money market fund.
A money market fund is a type of mutual fund that puts money into short-term, highly liquid securities. These instruments include cash, cash equivalents, and debt-based securities with a short maturity that have a good credit rating (such as U.S. Treasuries).
Money market funds aim to provide investors with great liquidity and very little risk. Money market mutual funds are another name for money market funds.
A money market fund and a money market account are not the same thing, despite their names being similar (MMA). An investment that is supported by an investment fund firm is known as a money market fund.
As a result, there is no principal assurance. An interest-bearing savings account is referred to as a money market account. Financial organizations offer money market accounts. They typically have few transaction privileges and are guaranteed by the Federal Deposit Insurance Corporation (FDIC).
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