A Principal Disadvantage of Conventional Checking Accounts Compared to Money

question 141

Multiple Choice

A principal disadvantage of conventional checking accounts compared to money market mutual funds is that checking accounts

• A)are less liquid.
• B)often do not pay interest.
• C)cannot be used as a store of value.
• D)are not insured by deposit insurance.

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Definitions:

Band-Aids

Adhesive bandages used to cover small wounds, providing protection and aiding the healing process.

Long-Term Paid Leaves

Employment benefits that allow workers to take an extended period off work while still receiving pay, often used for health-related reasons.

Wealthy Nations

Countries characterized by a high level of economic development, significant gross national income, and often a high standard of living for their citizens.

Caregiving

Providing support and assistance, especially in tasks related to daily living and health care, to individuals unable to care for themselves due to illness, disability, or age.