Only current yield is required for any quotation of yield in a money market fund. In a tax-free money market fund, both tax-equivalent and current yields are shown.

Training Mode

Unit 1 Unit 2 Unit 3 Unit 4

A money market fund must include the following information in a quotation of yield

Current yield

Tax-equivalent yield

A guarantee by the Federal Deposit Insurance Corporation

A statement that confirms it is impossible to lose money by investing in a money market fund