Money market mutual funds ________.

enable individuals and small businesses 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 deals with short term securities having maximum tenure of 1 year. Money market mutual funds can be defined as short term liquid investments which invest in high quality money market instruments.

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