Multiple Choice
In comparing an MMDA to a NOW account, the MMDA does all of the following, except
A) the MMDA pays a higher interest rate.
B) the MMDA has a maturity date whereas a NOW account does not.
C) the MMDA provides more limited checking services.
D) the MMDA is less liquid.
Correct Answer:
Verified
Correct Answer:
Verified
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