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5.
Money market accounts pay a lower interest rate than a regular savings account.
True
False
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Answered by
GPT-5 mini
AI
False.
Money market accounts typically pay equal or higher interest than regular savings accounts (though exact rates vary by institution). They often offer higher yields but may require higher minimum balances and have transaction limits.
Money market accounts typically pay equal or higher interest than regular savings accounts (though exact rates vary by institution). They often offer higher yields but may require higher minimum balances and have transaction limits.
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