Question

disadvantage of a money market account compared to a checking account is that money market accounts _____.


Select the best answer from the choices provided.

do not allow you to write checks, thus encouraging you to save money

have higher minimum balance requirements

give lower interest rates than checking accounts

do not allow you to take your money from the account for a set period of time

2.What is NOT an advantage of a credit union over a commercial bank?
Credit union deposits are insured up to $250,000.
Credit union loan rates may be better than in a

Answer 1

Credit unions tend to be more stable than commercial banks.

Credit unions often have better customer service than commercial banks.