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A money market deposit account (MMDA) is

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A money market deposit account (MMDA) is

A money market deposit account (MMDA) is
A) a limited-access savings account with a minimum balance requirement offering money market rates.
B) similar to a CD since you pay a penalty for early withdrawals.
C) any savings account at a federally-insured financial institution that offers higher rates but is not insured.
D) the statement a money market mutual fund sends you showing activity in your account.

Textbook

Personal Finance: An Integrated Planning Approach

Edition: 8^th

Author: Frasca

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GoodMad_ Author

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