IFIC Mutual Funds Licensing Practice Exam · Question
Money market fund invests in:
T-bills & paper. The correct answer is "Short-term debt < 1 year". This reflects the accepted standard for the ific assessment and aligns with the official hand
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Question: Money market fund invests in:
Answer options: ✅ Short-term debt < 1 year
- Long bonds
- Equities
- Commodities
Correct answer: Short-term debt < 1 year
Explanation: T-bills & paper. The correct answer is "Short-term debt < 1 year". This reflects the accepted standard for the ific assessment and aligns with the official handbook for this competency.
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