Money market account in the context of "Money market"

Play Trivia Questions online!

or

Skip to study material about Money market account in the context of "Money market"

Ad spacer

⭐ Core Definition: Money market account

A money market account (MMA) or money market deposit account (MMDA) is a deposit account that pays interest based on current interest rates in the money markets. The interest rates paid are generally higher than those of savings accounts and transaction accounts; however, some banks will require higher minimum balances in money market accounts to avoid monthly fees and to earn interest.

Money market accounts should not be confused with money market funds, which are mutual funds that invest in money market securities.

↓ Menu

>>>PUT SHARE BUTTONS HERE<<<
In this Dossier

Money market account in the context of Cash

Cash is money in the physical form of currency, such as banknotes and coins.

In book-keeping and financial accounting, cash is current assets comprising currency or currency equivalents that can be accessed immediately or near-immediately (as in the case of money market accounts). Cash is seen either as a reserve for payments, in case of a structural or incidental negative cash flow, or as a way to avoid a downturn on financial markets.

↑ Return to Menu

Money market account in the context of Bond fund

A bond fund or debt fund is a fund that invests in bonds, or other debt securities. Bond funds can be contrasted with stock funds and money funds. Bond funds typically pay periodic dividends that include interest payments on the fund's underlying securities plus periodic realized capital appreciation. Bond funds typically pay higher dividends than CDs and money market accounts. Most bond funds pay out dividends more frequently than individual bonds.

↑ Return to Menu