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Are MMF's different in the US? In Canada an MMF is a very fluid instrument that one can get out of within 48 hrs and the investments in the fund are limited to a 364 day maturity. They also generally invest in Canadian insrtuments due to the currency risk.
Its still a ton of cash sitting out there. If you look at the numbers in cash and bank deposits there is close to 6 trillion in the US. Which would fit Canada's 1 trillion.
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