A deposit which offers flexible money market interest rates but is accessible for spending by writing a limited number of checks or executing preauthorized drafts is known as a(n):

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MMDA stands for Money Market Deposit Account, which offers flexible interest rates similar to those found in the money market. Unlike a traditional checking account, it allows for a limited number of checks to be written or preauthorized drafts, making it a hybrid between a savings and checking account.

A Deposit Which Offers Flexible Money Market Interest Rates but Is