IIA Exam IIA-CFSA Topic 2 Question 34 Discussion

Actual exam question for IIA's IIA-CFSA exam

Question #: 34
Topic #: 2

___________ are a type of mutual funds that is required by law to invest in highly liquid and low-risk securities such as certificates of deposits or government securities. These funds pay dividends that generally reflect short-term interest rates and are not federally insured. Due to low-risk nature of the investments, these funds rarely lose money.

AMoney market funds

BTrust funds

CCollateral funds

DIndex funds

Show Suggested Answer

Suggested Answer: C

by Cordelia at May 28, 2023, 08:38 AM

Limited Time Offer

25%

Off

Get Premium IIA-CFSA Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Marsha

2 days ago

I think the answer is A) Money market funds.

upvoted 0 times

...

Twanna

4 days ago

I'm not sure, but I think money market funds are the safest option.

upvoted 0 times

...

Paul

6 days ago

I agree with Virgie, money market funds are low-risk investments.

upvoted 0 times

...

Virgie

8 days ago

I think the answer is A) Money market funds.

upvoted 0 times

...