All of the following correctly describe disadvantages of cash and cash equivalents except

A$)$

an investor may quickly convert a money market deposit account to cash to meet short$-$term needs.

B$)$

investments in money market mutual funds are not insured or guaranteed by the U$.$S$.$ government.

C$)$

investors choosing to redeem their certificates of deposit $($CDs$)$ prior to maturity may be subject to a substantial penalty.

D$)$

the rate of return on passbook savings accounts is relatively low when compared to higher risk alternatives such as government bonds.