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The NAV of which funds is fixed at $1 per share?

A. Equity funds
B. Money market funds
C. Fixed-income funds
D. Commingled funds

1 Answer

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Final answer:

Money market funds have a fixed NAV of $1 per share.

Step-by-step explanation:

The correct answer is B. Money market funds. Money market funds are a type of mutual fund that invests in short-term, low-risk securities such as Treasury bills, certificates of deposit, and commercial paper. These funds aim to maintain a stable net asset value (NAV) of $1 per share.

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