Choose the statement that is incorrect.

A. Upper A benefit of a money market mutual fund is that shareholders can write checks on their accounts with no restrictions.

This is the correct answer.

B. Upper A bank's reserves are notes and coins in the bank's vault or in a deposit account at the Federal Reserve

.

C. Liquid assets are overnight loans to other banks comma U. S. government Treasury bills comma and commercial bills

.

D. Liquid assets can be sold and instantly converted into reserves with virtually no risk of loss

Question

Business

Madalynn Harrell

8 June, 00:23

Choose the statement that is incorrect.

A. Upper A benefit of a money market mutual fund is that shareholders can write checks on their accounts with no restrictions.

This is the correct answer.

B. Upper A bank's reserves are notes and coins in the bank's vault or in a deposit account at the Federal Reserve

.

C. Liquid assets are overnight loans to other banks comma U. S. government Treasury bills comma and commercial bills

.

D. Liquid assets can be sold and instantly converted into reserves with virtually no risk of loss

+2

Answers (1)

Know the Answer?

Rachael Trevino · Answer 1

the incorrect answer is actually A. Upper A benefit of a money market mutual fund is that shareholders can write checks on their accounts with no restrictions.