Sweep Accounts

question 3

Multiple Choice

Sweep accounts

• A)have made reserve requirements nonbinding for many banks.
• B)sweep funds out of deposit accounts into long-term securities.
• C)enable banks to avoid paying interest to corporate customers.
• D)reduce banks' assets.

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Definitions:

Self-interest

Self-interest describes actions or decisions motivated by personal gain or benefit, often without regard for others.

Expense

Money spent or costs incurred in an organization’s efforts to generate revenue, representing the cost of doing business.

Self-leadership

The practice of intentionally influencing one’s own thinking, behavior, and actions towards achieving personal or professional goals.

Group Members

Individuals who belong to a collective or team, working together towards shared objectives or interests.