Money market deposit accounts (MMDAS) O a. have floating maturity dates. O b. are federally insured. O C. are offered only by credit unions. O d. pay the lowest interest rates of any bank accounts with check-writing privileges. O e. allow free unlimited check-writing privileges every month. Money market mutual funds (MMMFS): O a. are federally insured O b. pay interest at rates of I to 3% lower than those paid by a regular savings account. O c. are offered by savings and loan associations (S&Ls) and credit unions. O d. allow check-writing privileges above a stipulated minimum amount. O e. have floating maturity dates. People who do not have checking accounts often use: O a. cashier's checks. O b. preauthorized deposits. O c. certified checks O d. demand deposits. O e. overdraft protection. Savings deposits are also known as: O a. negotiable order of withdrawal (NOW) accounts. O b. direct deposits. O c. share draft accounts. O d. time depiosits

Money market deposit accounts (MMDAS) O a. have floating maturity dates. O b. are federally insured. O C. are offered only by credit unions. O d. pay the lowest interest rates of any bank accounts with check-writing privileges. O e. allow free unlimited check-writing privileges every month. Money market mutual funds (MMMFS): O a. are federally insured O b. pay interest at rates of I to 3% lower than those paid by a regular savings account. O c. are offered by savings and loan associations (S&Ls) and credit unions. O d. allow check-writing privileges above a stipulated minimum amount. O e. have floating maturity dates. People who do not have checking accounts often use: O a. cashier's checks. O b. preauthorized deposits. O c. certified checks O d. demand deposits. O e. overdraft protection. Savings deposits are also known as: O a. negotiable order of withdrawal (NOW) accounts. O b. direct deposits. O c. share draft accounts. O d. time depiosits

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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