Offering institutions post lower yields on SNOWs than on MMDAs because:
A)ratings on institutions issuing SNOWs are higher.
B)SNOWs can be drafted more frequently by customers.
C)federal regulatory authorities classify MMDAs as transaction deposits.
D)MMDAs carry unlimited check-writing privileges.
E)MMDAs have longer maturities than SNOWs.

Question

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The Answer of Offering institutions post lower yields on SNOWs than on MMDAs because:
A)ratings on institutions issuing SNOWs are higher.
B)SNOWs can be drafted more frequently by customers.
C)federal regulatory authorities classify MMDAs as transaction deposits.
D)MMDAs carry unlimited check-writing privileges.
E)MMDAs have longer maturities than SNOWs.

Offering Institutions Post Lower Yields on SNOWs Than on MMDAs