About Salman Khan

Salman Khan is the Founder, Executive Director, and Faculty of the Khan Academy, whose mission is to provide a free world-class education to anyone, anywhere. He has worked for both hedge funds and Fortune 500 companies and holds an MBA from Harvard Business School, where he was the president of his class. He also attended MIT, where he received three degrees: a Masters in Electrical Engineering & Computer Science, a B.S. in Electrical Engineering & Computer Science, and a B.S. in Mathematics.

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About CNBC Explains

CNBC Explains dissects the complicated economics of our world — everything from stocks and corporate balance sheets, to international trade and government policy. We are pleased to feature the work of Salman Khan, founder of the Khan Academy, as well as the reporting of CNBC anchors and editors. Each short video explains a complex topic using a unique digital interface and easy-to-understand style that simplifies even the most arcane topics.

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Money Market Funds: CNBC Explains

Published: Tuesday, 26 Jul 2011 | 4:16 PM ET

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By: CNBC Explains

As an alternative to savings accounts at a commercial bank, many people choose to put their money into money market accounts set up by way of money market funds. Unlike savings accounts, these investments are not insured by the FDIC, but are considered relatively safe based upon the assets they invest in. What are these money market funds and how are they constituted? Salman Khan of the Khan Academy explains.