MONEY MARKET ACCOUNT
An interest-bearing account that usually pays a higher interest rate than a savings accounts, as well as it gives the account holder a limited check-writing ability. It offers benefits normally seen both in savings and checking accounts. This account is likely to require a bigger balance than a savings account, and FDIC insured.
Also called money market deposit account (MMDA).
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A portfolio that renders an expected return which is too low for the amount of risk it requires, or a portfolio that gives too much peril for a spe ...
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An economic system with features of both capitalism and socialism. It lets a level of private economic freedom in using capital, but also allows fo ...
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