Answer:
C. Offers a high rate of return on deposits
Explanation:
A money market deposit account (MMDA) is among the savings accounts available to customers from financial institutions such as banks and credit unions. The interest or dividend rates offered by the MMDa are higher than those offered by traditional savings and checking accounts. The interest rates offered by MMDA compete with those of certificates of deposit.
Money Market Deposit accounts are an indirect way of investing in short-term money market securities such as treasury bills and commercial papers. The returns in MMDA are tied to those of money market investments.
Answer:
Requires a min. amount of money to invest
Explanation:
That's the point of MMA
