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IIA Exam IIA-CFSA Topic 2 Question 34 Discussion
Actual exam question for
IIA's
IIA-CFSA exam
Question #: 34
Topic #: 2
[All IIA-CFSA Questions]
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.
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