1. money market funds
  2. capital market funds
  3. money mutual funds
  4. insurance money funds
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1 Answers

Answer: Option 1

Funds which are used as an interest-bearing checking accounts are classified as money market funds. A money market fund is a kind of mutual fund that invests only in highly liquid instruments such as cash, cash equivalent securities, and high credit rating debt-based securities with a short-term, maturity—less than 13 months.

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