Why do certificates of deposit tend to offer better interest rates than money market accounts?

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asked Feb 2, 2020 50.5k views

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John Pertoft · Answer 1 · 2020-02-08T20:09:59+0000

Answer:

b

Explanation:

Certificates of deposit are only available to the bank's most proven and valuable customers, so the bank can afford to give a greater interest rate on them.

Why do certificates of deposit tend to offer better interest rates than money market accounts?

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