True/False For each of the following questions indicate true or false, then fully explain your answer.

A) Money market mutual funds are the riskiest class in terms of market risk

B) Mutual funds fees are high as active managers appear consistently able to outperform the market

C) Late trading refers to the tendency of mutual fund investors to place their orders later in the day

D) Hedge funds cater wealthier and more sophisticated investors than mutual funds

E) Hedge funds obtain leverage positions by taking deposits (i.e. issue checking accounts)

F) Hedge funds are liquid investments in that they trade mostly in equities