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Shu has narrowed her "savings" account choices to a standard checking account paying 1.25 percent, a money market deposit account (MMDA) paying 3 percent, and a money market mutual fund (MMMF) earning 3.75 percent. Which liquid asset vehicle would you recommend for paying monthly expenses, and which would you recommend for saving the car down payment? Explain the advantages and disadvantages associated with each choice.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91726743

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