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In 2016, the SEC changed rules regarding redemption gates and floating NAVs for certain types of money market mutual funds. What effect did this have

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In 2016, the SEC changed rules regarding redemption gates and floating NAVs for certain types of money market mutual funds. What effect did this have and why? Investors reallocated money to government money market mutual funds because they prefer redemption gates and the potential for increasing NAV. Investors reallocated money to prime moncy market mutual funds because they prefer redemption gates and the potential for increasing NAV. Investors reallocated money to govemment money market mutual funds because they prefer no redemption gates and stable NAV. Investors reallocated money to prime money market mutual funds because they prefer no redemption gates and stable NAV

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