QUESTION 34

1. Which of the following is not generally a feature or advantage of most money market mutual funds?

   		enhanced liquidity
   		higher yield than a checking account
   		exemption from state and local income taxes
   		greater flexibility

QUESTION 35

1. Which of the following best defines cash concentration?

   		Combining a week's worth of cash receipts into one bank deposit
   		Splitting deposits between different banks
   		Combining cash from multiple bank accounts into one main accoun
   		Combining all of the firm's receipts into one bank deposit