You have $3,000 that you may need to use to replace the furnace in your home. If you need the funds, it would be on no less than a week's notice. Into which type of account would it be best for you to deposit the $3,000?
A) Checking account
B) Savings account
C) MMA
D) All of the above would be equally acceptable.

Question

Quizplus · Accepted Answer

A Money Market Account (MMA) typically offers higher interest rates than a checking or savings account while still allowing for easy access to funds, making it suitable for short-term needs with some notice.

You Have $3,000 That You May Need to Use to Replace