(1 point)
Responses
Money market accounts have a predetermined time limit before a withdrawal can be made.
Money market accounts have a predetermined time limit before a withdrawal can be made.
Money market accounts allow for more withdrawals than regular savings accounts but with higher interest rates.
Money market accounts allow for more withdrawals than regular savings accounts but with higher interest rates.
Money market accounts have higher interest rates than regular savings accounts but with more restrictions.
Money market accounts have higher interest rates than regular savings accounts but with more restrictions.
Money market accounts have no withdrawal minimums.
Money market accounts have no withdrawal minimums.
1 answer
The statement that best describes a characteristic of money market accounts is:
Money market accounts have higher interest rates than regular savings accounts but with more restrictions.
Money market accounts typically offer higher interest rates than standard savings accounts, but they may have restrictions on the number of transactions and withdrawals that can be made.
