Which of the Following Is an Attribute of a Money

question 54

Multiple Choice

Which of the following is an attribute of a money market account?

• A) Low liquidity.
• B) Low returns.
• C) Very flexible.
• D) FDIC or National Credit Union Share Insurance Fund (NCUSIF) insured.

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Definitions:

Subordinated Debt

A type of debt that ranks below other debts and securities in terms of claims on assets or earnings in the event of a liquidation.

Yield To Maturity

The total return anticipated on a bond if the bond is held until it matures.

Expected Return

The anticipated return on an investment based on the probabilities of achieving certain returns, factoring in all possible outcomes.

Bankruptcy Laws

Statutes that govern the process through which individuals or businesses unable to meet their financial obligations can seek relief from some or all of their debts.