<< Back to all Blogs
Login or Create your own free blog
Layout:
Home > Disagreed with the teacher

Disagreed with the teacher

September 13th, 2007 at 07:51 pm

I went to my finance class today. He was discussing money market accounts and made the statement that they were NOT fdic insured.

I told him that my money market accounts at the local banks were all fdic insured.
I think what he meant is that money market mutual funds are not fdic insured and they are not.
But I guess he really thought that ALL money market accounts were not fdic insured.

Posted in Uncategorized | 2 Comments »

2 Responses to “Disagreed with the teacher”

  1. Aleta Says:
    September 13th, 2007 at 07:57 pm 1189713424
    1189713424

    You're both right but he shouldn't have given out information like that without an explanation.

    The bank money markets are called MONEY MARKET DEPOSIT ACCOUNTS. They actually aren't considered money market accounts. I know it confuses me too.

  2. Ima saver Says:
    September 13th, 2007 at 09:16 pm 1189718219
    1189718219

    Money market accounts that are in mutual funds are not fdic insured, but bank money market accounts are.

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]