What is money market accounts?

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Asked 6/17/2011 8:17:37 PM

Updated 3/6/2017 12:42:20 PM

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Flagged by emdjay23 [3/6/2017 12:30:53 PM], Edited by yumdrea [3/6/2017 12:42:06 PM], Edited by yumdrea [3/6/2017 12:42:20 PM]

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Asked 6/17/2011 8:17:37 PM

Updated 3/6/2017 12:42:20 PM

1 Answer/Comment

This conversation has been flagged as incorrect.

Flagged by emdjay23 [3/6/2017 12:30:53 PM], Edited by yumdrea [3/6/2017 12:42:06 PM], Edited by yumdrea [3/6/2017 12:42:20 PM]

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emdjay23

A money market account is an interest-bearing account that typically pays a higher interest rate than a savings account, and which provides the account holder with limited check-writing ability.

Added 3/6/2017 12:30:52 PM

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Confirmed by yumdrea [3/6/2017 12:42:09 PM]

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emdjay23

NOW account or a negotiable order of withdrawal account is a deposit account that pays interest, on which an unlimited number of checks may be written.

Added 3/6/2017 12:43:21 PM

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Updated 4/20/2015 5:49:54 AM

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Andrew.

Money market is a segment of the financial market in which financial instruments with high liquidity and very short maturities are traded.

Added 4/20/2015 5:49:54 AM

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