Greg Pare with Financial Fitness Coaching brings us today’s Financial Literacy Month question. It involves a couple of savings products. Do you know the difference?
Question: What is the difference between a Money-Market “Account” and a Money-Market “Fund”?
A) There is no difference
B) Only one is FDIC insured
C) One is offered by a bank, the other through a Brokerage House
So, which is it?