Question

question 5 of 20
which statement about a money market account is true?
a. depositors are offered an introductory interest rate.
b. depositors are permitted to write a limited number of checks each
month.
c. depositors are required to use 10 percent of the funds each
month.
d. a debit card is linked to your account.

Explanation:

• Option A: While some accounts might have introductory rates, it's not a defining or universal characteristic of money - market accounts.
• Option B: Money - market accounts typically allow depositors to write a limited number of checks per month (usually around 3 - 6), which is a common feature.
• Option C: There is no requirement for depositors to use 10 percent of the funds each month in a money - market account.
• Option D: Not all money - market accounts come with a linked debit card.

Answer:

B. Depositors are permitted to write a limited number of checks each month.