Money market mutual funds ____________________________.

Enable individuals and small business to invest indirectly in money-market instruments

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Are available only to high net-worth individuals

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Are used in acquiring and placing mortgages

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Are mostly tradable on stock exchange

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Solution

The correct option is C Are used in acquiring and placing mortgages
Money market mutual funds are used in acquiring and placing mortgages. Money market mutual funds can be referred to short-run liquid investments which invest in high quality money market instruments. It helps to provide investors with a reasonable returns over a period up to 1 year.

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