Money market deposit accounts differ from conventional time deposits in that they

Question

Quizplus · Accepted Answer

Money market deposit accounts offer limited check-writing privileges, while conventional time deposits do not. This is the primary difference between the two types of accounts. Money market deposit accounts may also offer slightly higher interest rates than traditional savings accounts, but they are typically less liquid than regular checking accounts. However, they are still more liquid than most other types of time deposits because they allow some check-writing and other forms of account access.

Money Market Deposit Accounts Differ from Conventional Time Deposits in That