MMDAs are a type of savings account that has some limited checking features. These accounts were designed to help banks compete with MMMFs.

Question

Quizplus · Accepted Answer

MMDAs, or Money Market Deposit Accounts, were created in response to the popularity of MMMFs, or Money Market Mutual Funds, and offer some checking features along with a higher interest rate than traditional savings accounts.

MMDAs Are a Type of Savings Account That Has Some