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Abbreviations AMA: Asset Management Accounts MMMF: Money Market Mutual Funds MMDA: Money Market Deposit Accounts NOW: Negotiable Order of Withdrawal Use the following table to

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Abbreviations AMA: Asset Management Accounts MMMF: Money Market Mutual Funds MMDA: Money Market Deposit Accounts NOW: Negotiable Order of Withdrawal Use the following table to indicate which of the money market accounts is described in the statements. AMA MMDA MMMF NOW Funds invested in this account are protected by government-sponsored deposit Insurance programs. Funds invested in this account allow you to conduct all financial business with a single organization. Use the fundamental characteristics of the four major types of interest-paying checking accounts to assess the following scenario. During a discussion about money market accounts with her coworker, Becky says that it is critically important to have access to the money market funds via an ATM In which account should Becky not invest? An MMMF A NOW account An AMA

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