For John and Maile, money market deposit accounts may offer some advantages. Select the one or ones below that would be the most valuable to John and Maile
The Johnson family is very conservative financially. They have a retirement plan where John works and share a joint checking account at their bank. They keep a lot of money in their checking account to cover short-term needs and emergencies. Both of them want to step up to a higher interest rate than a checking or savings account pays, and at the same time stay with their bank.
A) They are insured.
B) They may have limited checking privileges.
C) They have relatively attractive rates of return.
D) They have variable market interest rates.
E) All of the above are advantages.
Answer: E
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