Question

Mark is considering opening a money market account. What is an issue that he needs to be aware of when comparing a money market account to a checking account?
Select the best answer from the choices provided.

A) Money market accounts have higher minimum balance requirements.

B) Money market accounts give lower interest rates than checking accounts.

C)Mark will not be able to write checks from a money market account, which will encourage him to save money.

D) A money market account will force Mark to leave his money in the account for a set period of time.

Answer 1

The right answer for the question that is being asked and shown above is that: "C) Mark will not be able to write checks from a money market account, which will encourage him to save money." This an issue that he needs to be aware of when comparing a money market account to a checking account