[Online Document Assignment:]
EIA Activity: Bent Breaks the Buck
Click on the links on the right to answer the following questions.
Use Link 1 to answer the following questions. True or False: During 1970, a three-month Treasury bill in the United States averaged a 6.39% interest rate.
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| B. |
True or False: During 1970, a three-month Treasury bill was valued highest during the month of December.
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| B. |
Use Link 2 to answer the following questions. True or False: Money market funds consist of a pool of securities that tend to provide higher returns to investors than bank accounts.
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| B. |
True or False: Prime funds are a type of money market fund that invests primarily in corporate debt securities.
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| B. |
Which of the following is a type of money market fund?
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| B. |
| C. |
| D. |
How come the Federal Deposit Insurance Corporation (FDIC) does not federally insure money market mutual funds? Discuss.
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