It is a federally insured savings account, offered by banks and other depository institutions, that competes with money market mutual funds. What is it?

The correct answer is A. Money market deposit account. See the full explanation below for the reasoning.

Investment Management

Question

Options

AMoney market deposit account
BNegotiable order of withdrawal account
CMoney market mutual funds
DAsset management account

How the community answered

(32 responses)

A
78% (25)
B
13% (4)
C
6% (2)
D
3% (1)

Topics

#MMDA#money market deposit account#federally insured#depository institutions

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