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Before becoming an author, Rathbone was chief editor at the Daily Aztec, [1] a reporter for the La Jolla Light newspaper, an editor at ComputorEdge Magazine, and a freelancer for PC World, ComputerWorld and CompuServe. In 1992, Rathbone wrote his first For Dummies book, Windows for Dummies, which was a New York Times bestseller. [5]
A money market account (MMA) or money market deposit account (MMDA) is a deposit account that pays interest based on current interest rates in the money markets. [1] The interest rates paid are generally higher than those of savings accounts and transaction accounts; however, some banks will require higher minimum balances in money market accounts to avoid monthly fees and to earn interest.
The money market is a component of the economy that provides short-term funds. The money market deals in short-term loans, generally for a period of a year or less. As short-term securities became a commodity, the money market became a component of the financial market for assets involved in short-term borrowing, lending, buying and selling with original maturities of one year or less.
Alternatives to a money market account. A money market account is a secure, low-risk way to plan for a family holiday, save toward retirement or build an emergency fund, but it isn’t the only ...
Money market funds aim to invest in high-quality short-term securities that provide a high level of current income while maintaining liquidity and stability. The funds may invest in government ...
The money market equilibrium diagram. The LM curve shows the combinations of interest rates and levels of real income for which the money market is in equilibrium. It shows where money demand equals money supply. For the LM curve, the independent variable is income and the dependent variable is the interest rate.
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