Choose the word or phrase in [ ] which will correctly complete the statement. Select
-[Money market deposit accounts | money market mutual funds] are protected by the Federal Deposit Insurance Corporation.

Question

Quizplus · Accepted Answer

Money market deposit accounts are protected by the Federal Deposit Insurance Corporation (FDIC). Money market mutual funds are not insured by the FDIC, but may be protected by the Securities Investor Protection Corporation (SIPC) for up to $500,000. However, this protection is not the same as the FDIC insurance for deposit accounts.

Choose the Word or Phrase in [ ] Which Will