Choose the statement that is incorrect.
A. Upper A benefit of a money market mutual fund is that shareholders can write checks on their accounts with no restrictions.
This is the correct answer.
B. Upper A bank's reserves are notes and coins in the bank's vault or in a deposit account at the Federal Reserve
.
C. Liquid assets are overnight loans to other banks comma U.S. government Treasury bills comma and commercial bills
.
D. Liquid assets can be sold and instantly converted into reserves with virtually no risk of loss
