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What does MMDA stand for?

MMDA stands for Money Market Deposit Account

This definition appears frequently and is found in the following Acronym Finder categories:

  • Business, finance, etc.

See other definitions of MMDA

Other Resources:
We have 19 other meanings of MMDA in our Acronym Attic

Samples in periodicals archive:

In addition to the loans offered on the site, PNC Bank will offer certificates of deposit, money market deposit accounts, small-business banking products, calculators and articles with informative consumer tips on saving and borrowing.
While the relation between money definition M1 (currency + traveler's checks + demand deposits + other checkable accounts) and the rate of growth of nominal output has deteriorated in recent years, the authors think that M2 (M1 + overnight repurchase agreements + overnight Eurodollar accounts + money market funds + money market deposit accounts + savings deposits + small time deposits), still tracks the economy fairly well.