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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]

___________ 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

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Yolande

7 days ago

Hmm, I was leaning towards index funds, but this description sounds like money market funds are the way to go. Low-risk, you say? Sign me up!

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Sharee

8 days ago

I'm not sure, but I think money market funds are a safe option for investors.

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Arlene

9 days ago

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

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Chantay

9 days ago

Money market funds, definitely! They're the safe and reliable choice for my risk-averse portfolio.

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Marsha

11 days ago

I think the answer is A) Money market funds.

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Twanna

13 days ago

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

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Paul

15 days ago

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

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Virgie

17 days ago

I think the answer is A) Money market funds.

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