4-58 The primary advantage to the investor of a brokerage firm cash management account (CMA)over commercial bank deposit accounts is that

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The primary advantage of a brokerage firm CMA over commercial bank deposit accounts is that they make it easier to buy and sell securities using funds from the CMA. CMAs typically offer a variety of investment options and allow for seamless transfers between investment accounts and the cash management account. This can be particularly useful for investors who frequently buy and sell securities and want easy access to their cash for these transactions.

4-58 the Primary Advantage to the Investor of a Brokerage