Money Market Demand Account

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Money Market Demand Account (M.M.D.A.)

An account that pays interest based on short-term interest rates. Same as a Money Market Deposit Account
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Money Market Demand Account

An account, such as a checking or savings account, that pays a certain (low) interest rate to the holder and from which funds may be withdrawn on demand. Money market demand accounts are included in most counts of money supply.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved