WSJ features "​Quiz: How Well Do You Know ... Fund-​World History?" Question 6 asks, "​Which of the following wasn'​t a Fidelity innovation?" A. The industry'​s first money-​market mutual fund; B. Check writing as a money-​market-​fund feature; C. Direct sales to individual investors through a toll-​free telephone line; or, D. Computerized telephone system to provide price and yield quotes around the clock. The answer is A. WSJ says, "​New York-​based Reserve Funds and some other rivals already were offering the first money-​market mutual funds when Fidelity in 1974 introduced Fidelity Daily Income Trust.

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