Why is it more difficult for the beginning saver to open a money market deposit account than passbook saving account?

Opening a money market deposit account often requires a higher minimum balance compared to a passbook savings account, making it less accessible for beginning savers. Additionally, money market accounts may have more complex terms and conditions, including limited transaction capabilities, which can be confusing for newcomers. In contrast, passbook savings accounts typically have lower minimum deposits and simpler features, making them easier for beginners to manage.