ECONOMICS
SAVING AND INVESTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is a benefit of having a money market deposit account, as well as a checking or savings account?
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Easy access to your money
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Must be in the account for at least a year
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Must wait until maturity to get your money
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None of the above
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Explanation:
Detailed explanation-1: -Easy access: Money market accounts can offer you immediate access to your funds, almost whenever you may need it. MMAs often offer the ability to write checks or access cash via debit card. And know you can typically withdraw without paying a fee as you might with a certificate of deposit (CD).
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