Tax-exempt money market funds declined by more than double the modest and short-lived inflows they enjoyed last week as $2.75 billion poured out and total net assets dropped to $323.03 billion for the week ended Feb. 28, according to the Money Fund Report, a service of ­iMoneyNet.com.

In stark contrast, tax-exempt funds ­generated $1.14 billion of inflows in the week ended Feb. 21 and finished with $325.79 billion in total net assets.

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