CFA Practice Question

There are 294 practice questions for this study session.

CFA Practice Question

The major difference between a bond mutual fund and a money market fund is the ______.

A. maturity of the underlying assets
B. safety of the underlying assets
C. size of these funds
Correct Answer: A

In a money market fund the maturity is as short as overnight and rarely longer than 90 days. Bonds in a bond mutual fund have maturities from 1 to 30 years.

User Contributed Comments 2

User Comment
santibanez However the underlying assets to an overnight repo (money market) can be a long term maturity bond....
10425406 overnight placements as money market
bonds one y
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