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It is a federally insured savings account, offered by banks and other depository institutions, that competes with money market mutual funds. What is it?
Suggested Answer: A
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32 comments · newest first
NA
Nan
10 months ago
Not sure about this one, sounds too good to be true!
JA
Jacki
10 months ago
Wait, are money market mutual funds not federally insured?
CA
Cathrine
10 months ago
I thought it was a negotiable order of withdrawal account.
NY
Nydia
10 months ago
It's definitely a money market deposit account!
BE
Benedict
10 months ago
Totally agree, A is the right answer!
WI
Willie
11 months ago
This is tricky! I remember discussing asset management accounts, but they don't seem to fit the description. Maybe it's A?
DO
Donette
11 months ago
I recall that money market mutual funds are different, so I don't think it's C. I might lean towards A as well, but I need to double-check.
RY
Ryan
11 months ago
I'm not entirely sure, but I feel like it could also be B, the negotiable order of withdrawal account. It sounds familiar from our practice questions.
RE
Refugia
11 months ago
I think the answer might be A, money market deposit account. I remember it being a type of savings account that offers higher interest rates.
ES
Essie
12 months ago
This is a tricky one, but I'm going to go with A. The money market deposit account description matches the question the best in my opinion.
LI
Linn
12 months ago
I'm leaning towards B, the negotiable order of withdrawal account. That also seems to fit the description of competing with money market funds.
CL
Clemencia
12 months ago
The key details are that it's a federally insured savings account offered by banks and depository institutions. That makes me think it's option A, the money market deposit account.
ST
Staci
1 year ago
Hmm, I'm not sure about this one. The options seem pretty similar, I'll have to think it through carefully.
JA
Jannette
1 year ago
I think this is a money market deposit account, since it competes with money market mutual funds and is offered by banks.
ME
Melissia
1 year ago
A money market deposit account? More like a money market 'deposit' account, am I right? *winks*
ST
Stefany
1 year ago
C) Money market mutual funds
LE
Leonard
1 year ago
A) Money market deposit account
NO
Noemi
1 year ago
Hold up, is this a trick question? I bet the answer is actually a hidden treasure map. Time to get my treasure-hunting hat on!
SK
Skye
1 year ago
B) Negotiable order of withdrawal account
MA
Matthew
1 year ago
C) Money market mutual funds
VI
Viola
1 year ago
A) Money market deposit account
MA
Mari
1 year ago
I'm not sure, but I think C) Money market mutual funds could also be a possibility.
MA
Matthew
1 year ago
I agree with Dell. Money market deposit accounts are insured and compete with money market mutual funds.
RO
Rosann
1 year ago
Hmm, this one's tricky. I'm going to go with B, just to shake things up a bit. Who needs a boring old savings account anyway?
KA
Katina
1 year ago
I was tempted to go with C, but then I remembered that money market mutual funds are a different thing. A all the way!
RA
Rashida
1 year ago
B) Negotiable order of withdrawal account
NI
Nicholle
1 year ago
That's correct! Money market deposit accounts are federally insured savings accounts offered by banks.
YO
Yolande
1 year ago
A) Money market deposit account
LA
Lawrence
1 year ago
A money market deposit account, duh! Everyone knows that's the only correct answer here.
TH
Thersa
1 year ago
I agree, that's the correct answer.
CA
Cathrine
1 year ago
I think it's a money market deposit account.
DE
Dell
1 year ago
I think the answer is A) Money market deposit account.