Money market fund depositors have check-writing privileges and can withdraw funds at any time without penalty.

Name: Money market fund depositors have check-writing privileges and can withdraw funds at any time without penalty.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Money market funds often provide depositors with check-writing privileges and allow withdrawals at any time without penalty, offering a combination of accessibility and liquidity similar to a traditional checking account but typically with higher interest rates.

Money Market Fund Depositors Have Check-Writing Privileges and Can Withdraw