Series 66: Money Market Securities

Money Market Securities

Money market securities are debt securities that mature in 397 days or less. Since 397 days is around one year, you may see one year on your exam. Money market securities are usually highly liquid, meaning they can be easily bought and sold. They are also considered very safe. In fact, they are often referred to as cash equivalents, because they are almost as liquid and safe as cash. They usually offer interest payments, but the yields are small compared to riskier, longer term investments. Money market investments are subject to purchasing power ri