Question

The below are all considered savings accounts EXCEPT *

O
Certificates of Deposit
O
Checking Accounts
O
Money Market Funds
O
Money Market Deposit Accounts

Answer 1

The correct answer is C)

Money Market Funds

Step-by-step explanation:

Money Market Funds is not a Savings Account.

Any mutual fund that invests in short-term debt instruments, cash, and cash equivalents such as Treasury Bill and Commercial Paper which is high in quality may be refered to as a money market fund. So it is essentially an investment not a savings account.

Cheers!

Answer 2

Money Market Funds

Step-by-step explanation:

A savings account is an account where money can be saved especially those money you do not want to spend immediately. Savings account keep those money save and accessible when needed and also pay interests proportion to the money in the savings account. Example of savings account are Certificate of deposit account, checking accounts, money market deposit account, basic savings account, student account.