(Chapter 5) Money market accounts vs. Money market funds.
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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