Investment Companies - UNF
Short-term----Money-Market Funds. Portfolio consist of money-market instruments. Three Types. General Purpose. Broker-dealer. Institutional. Funds can be. Taxable. Tax-exempt. Taxable funds. Commercial paper make up 40-50% of fund assets. Avrg maturity –1-2 months. SEC set max maturity at 90 days. Tax-Exempt. Types. National. State—invest … ................
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