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tax-exempt money market fund

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Tax-exempt money market fund
A money market fund that invests in short-term tax-exempt municipal securities.
tax-exempt money market fund
An open-end investment company that invests in short-term tax-exempt securities. These funds usually pay relatively low current income (free of federal taxes) but are very liquid. They appeal to higher-income investors who seek a temporary investment. Also called short-term municipal bond fund.
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