In 2010, the Committee of European Securities Regulators created guidelines that restricted weighted average life...
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Accounting
In 2010, the Committee of European Securities Regulators created guidelines that restricted weighted average life (WAL) to 120 days for short-term money market funds. The purpose of this restriction was to limit the ability of money market funds to invest in long-term, floating-rate securities. This action is most consistent with a belief in:
A. The liquidity theory.
B. The segmented markets theory.
C. The preferred habitat theory.
D. The expectations theory.
*** A is not the right answer
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