Which of the following is NOT true about money market accounts? ...

[vicotolentino]

Which of the following is NOT true about money market accounts?
 A) A minimum balance must be kept in the account for the term specified.
  B) The interest rate paid is fixed for short periods of time.
  C) A small number of checks may be written against the account.
  D) Money market accounts typically offer lower interest rates than regular savings accounts.

Question 2

The term that describes the numeric value where the interest rate and number of interest periods meet in a compound interest table is the
 A) interest value.
  B) multiplier.
  C) periodic rate.
  D) factor.

[janeli1]

Answer to Question 1

D

Answer to Question 2

B