American_Bankers_Association
CTFA · Question #80
CTFA Question #80: Real Exam Question with Answer & Explanation
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Question
Money market deposit account is a federally insured savings account, offered by banks and other depository institutions, that competes with money market mutual funds. Depositors can check- writing privileges or ATM to access MMDA accounts. A major problem with the growing popularity of interest-paying checking accounts has been:
Options
- AA slump in monthly bank charges, which can easily amount to more than the interest earned on
- BA fall in monthly bank charges, which can easily amount to more than the interest earned on all
- CA rise in monthly bank charges, which can easily amount to more than the interest earned on all
- DA rise in monthly bank charges, which can easily amount less than the interest earned on all but
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