select the correct answer. which statement is true of money market deposit accounts? a. they have a higher…

select the correct answer. which statement is true of money market deposit accounts? a. they have a higher minimum balance requirement than savings accounts. b. they pay a fixed rate of interest. c. they are insured up to $100,000 by the fdic. d. they pay a lower interest rate than savings accounts.

select the correct answer. which statement is true of money market deposit accounts? a. they have a higher minimum balance requirement than savings accounts. b. they pay a fixed rate of interest. c. they are insured up to $100,000 by the fdic. d. they pay a lower interest rate than savings accounts.

Answer

Brief Explanations:

Money - market deposit accounts typically have a higher minimum - balance requirement compared to regular savings accounts. They usually have variable interest rates, are insured up to $250,000 by the FDIC, and often pay a higher interest rate than basic savings accounts.

Answer:

A. They have a higher minimum balance requirement than savings accounts.