Go to the web site of the Federal Reserve Bank of St. Louis (FRED) (fred.stlouisfed.org) and download
Question:
Go to the web site of the Federal Reserve Bank of St. Louis (FRED) (fred.stlouisfed.org) and download and graph the data series for Retail Money Funds (WRMFSL) and for Institutional Money Funds (WIMFNS) from the earliest week available until the most recent week available.
a. Explain the difference between retail and institutional money market mutual funds.
b. How have the trends in retail and institutional money market mutual funds differed?
Mutual funds are like a pool of funds gathered by different small investors that have simalar investment perspective about returns on their investments. These funds are managed by professional investment managers who act smartly on behalf of the...
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a Retail money market mutual funds are offered primarily to individuals wherea...View the full answer
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Related Book For 
Money, Banking, and the Financial System
ISBN: 978-0134524061
3rd edition
Authors: R. Glenn Hubbard, Anthony Patrick O'Brien
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