Fully insured deposit accounts having no interest rate ceiling and allowing limited check writing are called

Question

Quizplus · Accepted Answer

The description provided matches that of money market deposit accounts, which are insured by the FDIC and typically have no interest rate ceiling but may have limited check writing privileges. Super NOW accounts typically offer higher interest rates but may have interest rate ceilings, while pass-through securities and securitizations are not deposit accounts.

Fully Insured Deposit Accounts Having No Interest Rate Ceiling and Allowing