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Most people confuse a money market account with certificates of deposit. Money markets are deposit accounts set up like a savings or checking account. However, a minimum balance, and/or limited transactions are commonplace. Interest earned is based on average deposit balance. Therefore, money market certificates are great for large accounts with limited needs for withdrawals.
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what does my money market certificate do for me?
Your money market certificate will be helpful in gettng you a job as a money marketer, as employers will always redily higher someone with a degree over one wihtout.
Are money market saving certificate considered cash?
yes
What is the purpose of a certificate of deposits?
The reason people invest in a certificate of deposit is its outcome. A higher interest rate on the maturity of your money. The ultimate purpose is knowing that your money saved will be increasing as it sits.
What is the purpose of a certificate of deposit?
The reason people invest in a certificate of deposit is its outcome. A higher interest rate on the maturity of your money. The ultimate purpose is knowing that your money saved will be increasing as it sits.
What is the purpose of a Money Market ETF?
Money Market ETFs have a very significant purpose. Money Market ETFs are a type of investment fund which many people use to trade like stocks for a profit.
What is a good money market certificate rate?
A good interest rate for a money market certificate would be 0.90% to 1.00%. There are several other factors to consider including fees and the required amount to open it.
What is the purpose of fidelity money market funds?
The purpose of a Fidelity money market fund is to generate revenue. The funds in a Fidelity money market fund are not guaranteed or insured. It is a type of fund that is very liquid, money is usually available by the next day.
How does the risk involved in a money market mutual fund compare with the risk of a certificate of deposit?
The risk of the money market mutual fund is slightly greater than that of the CD
How does the risk involved in a money market mutual fund compare with the risk of certificate of deposit?
The risk of the money market mutual fund is slightly greater than that of the CD
How does the risk involved in a money market mutual fund compare with the risk of a certificate of deposit (CD)?
the risk of the money market mutual fund is slightly greater than that of the CD
What is money laundring certificate?
washing money inside a washing machine is easier than laundry service thus we can save that money for our personal purpose.
Why is investing in a money market mutual fund a higher risk than investing in a certificate of deposit?
because unlike CDs, money market mutual funds ____________________are not insured by the FDIC (gradpoint)
