Income Intermediate: Money Market Deposit Accounts

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1.
The earnings on money market deposit accounts are generally competitive with those of which of the following investments?
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Certificates of deposit. Money market deposit account earnings are generally on a par with those of certificates of deposit.
2.
Retirement money market deposit accounts are insured for up to _______.
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$250,000.
3.
Why do money market IRAs have restrictions on when funds can be withdrawn?
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They may offer tax advantages. Because they are retirement accounts, they offer the possibility of tax deductibility or tax-deferral, and this requires restrictions on withdrawals.
4.
Individuals often use money market deposit accounts to do all but which of the following?
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Invest their tax revenue. Government bodies do this.
5.
Through which of the following means can individuals access the money market?
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Money market deposit account. This type of account has money market features.