If one wanted to make monthly deposits to accumulate funds for future expenditures,a money market deposit account would be an appropriate savings vehicle.

Question

Quizplus · Accepted Answer

Money market deposit accounts typically offer higher interest rates than traditional savings accounts, making them a good option for saving and accumulating funds over time. Additionally, they often have low minimum deposit requirements and allow for easy access to the funds, making them a good choice for those looking to make regular monthly deposits.

If One Wanted to Make Monthly Deposits to Accumulate Funds