The highest fee in a money market fund is typically the audit fee. Companies that invest in various money market products, such as commercial paper, certificates of deposit, Treasury bills, and repos, sell securities known as money market mutual funds (MMMFs). In the United States and the European Union, money market mutual funds are governed as investment firms.
In contrast to the capital markets, where operations are formally organized, the money market is an uncontrolled, informal industry. Money markets offer a variety of products but offer investors a lower rate of return. For a brief time, financial institutions, banks, brokers, and money dealers transact firms.
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