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?



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.