An interest penalty is associated with a CD,but not with a money market deposit account.

Name: An interest penalty is associated with a CD,but not with a money market deposit account.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement is true. A certificate of deposit (CD) typically carries an interest penalty if the account holder withdraws funds before the maturity date, while a money market deposit account (MMDA) typically does not have such penalties.

An Interest Penalty Is Associated with a CD,but Not with a Money