Q975
Financial security with low degree risk and investment held by businesses is classified as
A.
treasury bills
B.
commercial paper
C.
negotiable certificate of deposit
D.
money market mutual funds
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Financial security with low degree risk and investment held by businesses is classified as money market mutual funds. A money market mutual fund (MMF) is a type of mutual fund that invests in high-quality, short-term debt instruments, cash, and cash equivalents.