An Asset Management Account That Moves Any Unused Balance in the Brokerage

question 50

Multiple Choice

An asset management account that moves any unused balance in the brokerage account into a money market investment at the end of each business day is called a(n)

• A) sweep account.
• B) accelerated management account.
• C) money market fund.
• D) secondary market.

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Definitions:

Leading Indicator

A measurable economic factor that changes before the economy starts to follow a particular pattern or trend, used to anticipate changes.

HRM Evaluation

The process of examining and assessing the effectiveness of Human Resource Management practices and policies in achieving organizational goals.

Predicts Future

The act of forecasting or estimating future trends, behaviors, or events based on current or past data.

Labour Expenses

The total costs incurred by an organization in compensating its employees, including salaries, benefits, and other related expenses.