1. What prompted the growth of money market funds?
Stock prices were too variable.
Stock mutual funds stopped accepting investors.
Hedge funds were unavailable.
Regulation Q capped bank interest rates.
2. The total value of a mutual fund's stocks, bonds, and other assets minus any liabilities divided by the number of shares outstanding is the _____.
percent capital gain
net asset value (NAV)
maximum price allowed by law
method used to calculate 12b-1 fees