QUESTION IMAGE
Question
money - market means:
a. a short - term instead of long - term use in the debt market
b. one with a very low rate of interest, lower than a checking account
c. one where your money is unavailable for a set period of time
d. uninsured instead of being backed by the government
A money - market account typically has restrictions on accessing funds for a certain time period. Option A is incorrect as it's not about short - term vs long - term use in the debt market. Option B is wrong since money - market accounts usually have higher interest than checking accounts. Option D is incorrect as money - market accounts are often insured by the government.
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C. One where your money is inaccessible for a set period of time