(Chapter 5) Money market accounts vs. Money market funds.
Réussis tes devoirs et examens dès maintenant avec Quizwiz!
Money market funds issued by banks are
Not insured
Money market accounts issued by banks are
Insured
Money market funds are designed to
maintain a $1 share price at all times
A money market fund invests in securities such as
short-term Treasury bills (T-bills) and CDs
Money market mutual funds
are offered by your broker or even your bank and are safe investments
