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