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are money market mutual funds cash equivalents?
Question|Rated good
Asked 3/22/2014 8:23:19 PM
Updated 4/16/2014 12:56:55 PM
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User: are money market mutual funds cash equivalents?

Weegy: A mutual fund is a type of professionally-managed collective investment vehicle that pools money from many investors to purchase securities.[1] While there is no legal definition of mutual fund, [ the term is most commonly applied only to those collective investment vehicles that are regulated, available to the general public and open-ended in nature. Hedge funds are not considered a type of mutual fund. ]
chinggay_0118|Points 831|

User: is commercial paper a cash equivalent?

Weegy: Yes, Commercial paper is a cash equivalent.
Expert answered|emdjay23|Points 3242|

Question|Rated good
Asked 3/22/2014 8:23:19 PM
Updated 4/16/2014 12:56:55 PM
1 Answer/Comment
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Money market mutual funds are considered cash equivalents.
Added 4/16/2014 12:56:55 PM
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