Income Intermediate: Money Market Deposit Accounts

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1.
Some money market deposit accounts offer rates that are tied to US Treasury bills.
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True. These are indexed money market accounts.
2.
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.
3.
Individuals saving up for major purchases do not keep their funds in money market deposit accounts.
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True. These are indexed money market accounts.
4.
The earnings on money market deposit accounts are generally _______ those of traditional savings accounts.
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Higher than. MMDA earnings are tied to the money market.
5.
Retirement money market deposit accounts are insured for up to _______.
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$250,000.