define with example Money Market Accounts
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A money market account is an interest-bearing account at a bank or credit union—not to be confused with a money market mutual fund. Sometimes referred to as money market deposit accounts (MMDA), money market accounts (MMA) have some features not found in other types of accounts.
Example of money market deposit accounts, US Treasury bills, repurchase agreements, commercial paper, negotiable certificates of deposit (called credit union share certificates by credit unions), banker's acceptances, and money market mutual funds.
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money market account or money market deposit account is a deposit account that pays interest based on current interest rates in the money markets.
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