List the money market accounts according to the interest rate generally paid on each account (from highest to lowest).
A)Super NOW account, money market deposit account, and money market mutual fund
B)Money market deposit account, money market mutual fund, and super NOW account
C)Money market mutual fund, money market deposit account, and super NOW account
D)Money market deposit account, super NOW account, and money market mutual fund

Question

Quizplus · Accepted Answer

Money market mutual funds generally pay the highest interest rate, followed by money market deposit accounts, and then super NOW accounts. Therefore, the best choice is one that lists money market mutual funds first, followed by the other two options, which is option C.

List the Money Market Accounts According to the Interest Rate