True/False
An MMDA is a short-term deposit where the bank can offer a competitive interest rate and which allows up to six preauthorized drafts per month.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q1: According to recent studies cited in this
Q2: From an analysis on its deposits,a bank
Q3: When financial institutions tempt customers by paying
Q4: A checking account price schedule characterized by
Q5: When a customer is charged a fixed
Q7: Nonprice competition for deposits has tended to
Q8: Deposit accounts whose principal function is to
Q9: Domestic deposits generate legal reserves.
Q10: Money market deposit accounts (MMDAs),offering flexible interest
Q11: When the government collects taxes or sells