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Money Market Funds or Accounts? – #FLMonth

by Don Current on April 28, 2011

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?