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valputin valputin
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Posts: 5754
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8 years ago
In September 2008, the Reserve Primary Fund, a money market mutual fund, found itself in the situation know as "breaking the buck." This means that
A) shares earned more than a dollar in interest.
B) they required shareholders to contribute a dollar more in fees each month.
C) shareholders were able to redeem shares for more than a $1.
D) they could no longer afford to redeem shares at the par value of $1.
Textbook 
The Economics of Money, Banking and Financial Markets, Business School Edition

The Economics of Money, Banking and Financial Markets, Business School Edition


Edition: 4th
Author:
Read 155 times
2 Replies
Our course uses > The Economics of Money, Banking and Financial Markets

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Replies
wrote...
8 years ago
D
valputin Author
wrote...
8 years ago
Perfect answer, thx
Our course uses > The Economics of Money, Banking and Financial Markets
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