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According to Investopedia, a money market account is a savings account exclusively. This means it is not meant to be highly...
According to Investopedia, a money market account is a savings account exclusively. This means it is not meant to be highly active unless the holder of this account is depositing money. Otherwise, the bank or financial institution imposes limitations on how many withdrawals the holder of an account can make each month from a money market account. If a client involved in money markets makes more withdrawals than the five or six permitted per account, the institution will impose charges. It is also necessary for the client to have a minimum amount in her...