Rates Current as of Wednesday February 08, 2012

Assets

The current dollar value of the pool of money shareholders have invested in a fund.

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Can a bank require the beneficiary on an account provide a social security number?

Yes. National banks may require the beneficiary to provide a social security number for monetary transactions. In addition, bank employees are required to ask for the customer’s social security number when opening an account. This requirement also ensures that funds are distributed to the correct designated individual when a will, trust, insurance

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Why are money-market funds always priced at $1 per share?

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