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Funds which are used as an interest-bearing checking accounts are classified...

This question belongs to Commerce Financial Management
Financial Management
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Funds which are used as an interest-bearing checking accounts are classified as

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Correct Answer: Option A
Funds which are used as an interest-bearing checking accounts are classified as money market funds. A money market fund is a kind of mutual fund that invests only in highly liquid instruments such as cash, cash equivalent securities, and high credit rating debt-based securities with a short-term, maturity—less than 13 months.
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