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Refer to the following reference to answer Question 9: Kacperczyk, M., & Schnabl, P. (2013). How safe are money market funds? The Quarterly Journal of

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Refer to the following reference to answer Question 9: Kacperczyk, M., & Schnabl, P. (2013). How safe are money market funds? The Quarterly Journal of Economics, 128(3), 1073-1122. Question 9: Explain why Reserve Primary Fund collapsed but Fidelity Institutional Prime Money Market Fund survived the financial crisis 2007-2008. (1 point)

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