A money market account differs from an interest-bearing checking account in that the owners of a money market account:
A)can write only a limited number of checks each month.
B)can take out their funds whenever they want in specific denominations.
C)can withdraw funds only at the time of their retirement.
D)cannot convert the funds into cash.
E)cannot withdraw the funds without an advance notice of six months.

Question

Quizplus · Accepted Answer

Money market accounts typically allow the account holder to write a limited number of checks each month, distinguishing them from interest-bearing checking accounts which usually offer more flexibility in terms of check writing.

A Money Market Account Differs from an Interest-Bearing Checking Account