Characteristics of a money market deposit account include
A) a lower risk than money market funds.
B) insured by federal agencies.
C) generally a limit of three deposits or withdrawals per month.
D) all of these

Question

Quizplus · Accepted Answer

Money market deposit accounts typically have a lower risk profile than money market funds and are insured by federal agencies like the FDIC. They also generally have a limit of three deposits or withdrawals per month, making them a good choice for individuals who want a safe and easily accessible place to store their cash.

Characteristics of a Money Market Deposit Account Include